Technical Analysis – 1 February 2023
United States | Singapore | Hong Kong
Sociedad Quimica y Minera de Chile (SQM US)
- Shares closed at a high since December 2022 above the 5dEMA with an increase in volume. The 20dEMA crossed the 50dEMA.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 97 Target 107 Stop 92
Alcoa Corp (AA US)
- Shares closed above the 5dEMA forming a bullish engulfing pattern with a rise in volume.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 51.5, Target 57.5, Stop 48.5
Best World (CGN SP)
- Shares closed higher since Mar 2019, and the 50dEMA just crossed the 200dEMA.
- MACD is positive, RSI is at an “overbought” level.
- Long – Entry 2.45, Target 2.65, Stop 2.35
CSE Global (544 SP)
- Shares closed even higher since Oct 22, with a surge in volume over the past 4 days. 20dEMA just crossed the 50dEMA.
- MACD is positive, RSI is at an “overbought” level.
- Long – Entry 0.375, Target 0.395, Stop 0.365
SenseTime Group Inc (20 HK)
- Shares closed at a high since July 2022 above the 5dEMA with high volume.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 2.80, Target 3.26, Stop 2.57
Huaneng Power International Inc (902 HK)
- Shares closed above the 5dEMA forming a bullish engulfing pattern with an increase in volume. The 5dEMA crossed the 20dEMA.
- RSI is constructive, while MACD is negative.
- Long – Entry: 3.75, Target: 4.35 Stop: 3.45
