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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

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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

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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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