Technical Analysis: 10 December 2021
United States | Singapore | Hong Kong
UNITED STATES
Visa Inc (V US)
- Shares closed above the 5dMA yesterday
- 5dMA crossed the 20dMA recently after 4 consecutive days of gains
- Both RSI and MACD both shows positive momentum
- Long – Entry 208.5, Target 222.1, Stop 203.3
Twitter Inc (TWTR US)
- Shares have been trading near the 5dMA and a V shape pattern seems to be forming
- RSI rebounded from the oversold territory last week and is gaining positive momentum; MACD has crossed the signal line and is diverging upwards
- Long – Entry 45.2, Target 52.3, Stop 41.2
SINGAPORE
SIA (SIA SP)
- Shares had a strong rebound from the panic sell-off. Shares tend to trade above the 200dEMA for most of the time.
- Both MACD and RSI were constructive.
- Long – Entry 4.95, Target 5.15, Stop 4.85
Wilmar International Limited (WIL SP)
- Shares retested the previous low, forming a double bottom.
- MACD showed an early sign of upward momentum, and RSI showed bottoming out from an oversold level.
- Long – Entry 4.20, Target 4.35, Stop 4.13
HONG KONG
Ganfeng Lithium Co Ltd (1772 HK)
- Shares have been consolidating since October. Recently it touched the 200dEMA and rebounded.
- 200dEMA is the next support.
- MACD showed mildly weak momentum, and RSI showed slightly positive upward momentum.
- Long – Entry: 135, Target: 160, Stop: 125
Geely Automobile Holdings Ltd (175 HK)
- Shares retested the lower bound of the upward channel and rebounded.
- Both MACD showed an early sign of upward momentum, and RSI showed a positive sign of a turnaround.
- Long – Entry: 23.5, Target: 26.5, Stop: 22
Related Posts: