Technical Analysis – 10 August 2022
United States | Singapore | Hong Kong
Peabody Energy Corporation (BTU US)
- Shares restested the 200dEMA and rebounded. The stock closed above the 20dEMA with an increase in volume.
- MACD is about to turn positive, and RSI turns upward.
- Long – Entry 20.5, Target 24.0, Stop 18.8
Livent Corp (LTHM US)
- Shares continued the uptrend with rising volumes. The stock is forming a head-and-shoulder pattern.
- Both MACD and RSI are constructive.
Long – Entry 26.3, Target 28.3 Stop 25.3
Frencken (FRKN SP)
- Trading at a decent uptrend after a period of consolidation. Last close above 8/21 day EMA, golden cross.
- RSI toppish, maintain tight stop loss.
- Long – Entry 1.31, Target 1.52, Stop 1.21
City Developments (CIT SP)
- After a marked correction since 1 July, share price has rebounded and is testing a key resistance of S$8.20/share. A push above this level could see it attain previous highs of S$8.76/share.
- RSI toppish, maintain tight stop loss.
- Long – Entry 8.20, Target 8.64, Stop 7.93
MMG Ltd (1208 HK)
- Shares edged up for five consecutive trading days and closed above the 5dEMA.
- Both MACD and RSI start to turn upward.
- Long – Entry: 2.30, Target: 2.53, Stop: 2.20
Samsonite International S.A. (1910 HK)
- Shares retested the 200dEMA and rebounded. The stock closed at a one-month high with an increase in volume and held up well within the upward channel.
- Both MACD and RSI are constructive.
- Long – Entry: 17.2, Target: 18.0 Stop: 16.8
