Technical Analysis: 1 December 2021
United States | Singapore | Hong Kong
UNITED STATES
Apple Inc (AAPL US)
- Shares closed above the 5dMA support yesterday.
- MACD shows strong positive momentum while RSI rebounded yesterday.
- To long at 5dMA and stop loss at the same closing price from previous sell-off.
- Long – Entry 159.3, Target 165.7, Stop 156.7
Bath & Body Works Inc (BBWI US)
- Shares formed an ascending channel and have been trading around the 5dMA
- RSI shows a slight rebound yesterday
- To long at the base of the channel and stop loss at 60dMA
- Long – Entry 73.2, Target 82.0, Stop 70.1
SINGAPORE
Genting Singapore (GENS SP)
- Shares found support at the 23.60% Fib (S$0.77), which has been a key support 3 times this year.
- Long – Entry 0.76, Target 0.80, Stop 0.74
Broadway Industrial (BWAY SP)
- Cup and handle formation, accompanied by lower trading volume on the handle segment, is indicative of a bullish trend.
- 0.21 support at the 20d EMA (red line).
- Long – Entry 0.22, Target 0.24, Stop 0.21
HONG KONG
Geely Automobile Holdings Ltd (175 HK)
- Shares fell to the uptrend line. It forms a triangle pattern.
- The previous periodic bottom at around HK$21-22.5 is the near-term support.
- Both MACD and RSI are showing negative momentum.
- Long – Entry: 22.5, Target: 26.5, Stop: 20.5
Li Ning Co. Ltd. (1919 HK)
- Shares form a triangle pattern.
- The near-term support is the recent low of HK$81.15.
- Both MACD and RSI are showing negative momentum.
- Long – Entry: 83.5, Target: 95, Stop: 81
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