Technical Analysis: 10 January 2022
United States | Singapore | Hong Kong
United States
Walt Disney Company (DIS US)
- Shares are forming higher highs and higher lows.
- Shares have been trading near the 5dMA and have broken the previous resistance level (~US$154.7).
- Both MACD and RSI are on an upward momentum.
- Long – Entry 154.65, Target 164.00, Stop 149.80
Boeing Company (BA US)
- Shares closed above the 5dMA on Friday are forming higher highs and higher lows.
- Shares closed above the previous resistance level (~US$212.8)
- Both MACD and RSI are on an upward momentum.
- Long – Entry 212.78, Target 225.52, Stop 207.41
SINGAPORE
UOB (UOB SP)
- Shares rose 4 days last week on higher-than-average trading volume
- MACD remains positive, but we would wait for a slight pullback to the previous resistance of 27.90 to initiate a long position given overbought conditions as per RSI >70.
- Long – Entry 27.90, Target 30.00, Stop 27.00
Wilmar (WIL SP)
- Shares are likely to be well supported at the critical 50% Fib of 4.25.
- MACD and RSI are both on an uptrend that suggest further upside.
- Long – Entry 4.30, Target 4.58, Stop 4.17
HONG KONG
Anhui Conch Cement Company Limited (914 HK)
- Shares closed at above the 200dEMA since September 2021 with a surge in volume.
- MACD shows an early sign of turnaround, and RSI shows strong upward momentum.
- Long – Entry: 41.0, Target: 44.0, Stop: 39.5
China Vanke Co Ltd (2202 HK)
- Shares broke out of the falling wedge pattern with a surge in volume, and the stock closed at above the 200dEMA for the first time since April 2021.
- MACD shows an early sign of turnaround, and RSI shows strong upward momentum.
- Long – Entry: 20, Target: 22.5, Stop: 19.0
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