Technical Analysis – 1 July 2022
United States | Singapore | Hong Kong
Raytheon Technologies Corp (RTX US)
- Shares formed a double-bottom previously and closed near an intraday high with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 95.0, Target 100.0, Stop 92.5
Allstate Corp (ALL US)
- Shares formed a bullish engulfing pattern with an increase in volume. The 5dEMA was about to cross the 20dEMA.
- MACD is constructive, while RSI remains flat.
- Long – Entry 125.0, Target 132.0, Stop 121.5
SIA Engineering Co Ltd (SIE SP)
- Shares closed above the consolidation zone yesterday.
- Both RSI and MACD are constructive.
- Long – Entry 2.42, Target 2.55, Stop 2.35
ST Engineering Ltd (STE SP)
- Shares closed above the 5dMA yesterday.
- Both RSI and MACD are constructive.
- Long – Entry 4.03, Target 4.22, Stop 3.95
China Merchants Bank Co Ltd (3968 HK)
- Shares closed at a two-month-plus high with a jump on volume.
- Both MACD and RSI are constructive.
- Long – Entry: 52.0, Target: 56.0, Stop: 50.0
Xinyi Glass Holdings Ltd (868 HK)
- Shares formed a bullish engulfing pattern with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 18.5, Target: 19.9, Stop: 17.8
