Technical Analysis – 10 January 2023
United States | Singapore | Hong Kong
CF Industries Holdings, Inc. (CF US)
- Shares closed above the 5dEMA with rising volumes.
- MACD is about to turn positive, and RSI rebounds from an oversold level.
- Long – Entry 85.0 Target 90.2 Stop 82.5
Alcoa Corp (AA US)
- Shares closed above the 200dEMA with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 50.0, Target 55.0, Stop 52.5
Venture Corporation Limited (V03 SP)
- Shares closed above the 22dEMA line. The 5dEMA crossed the 20dEMA and 50dEMA.
- MACD has just turned positive, and RSI is looking constructive.
- Long – Entry 17.35, Target 17.80, Stop 17.13
Samudera Shipping Line Ltd. (S56 SP)
- Shares closed at an all time high since Nov 22, with a surge in volume over the past 3 days.
- MACD has just turned positive, and RSI is an overbought level.
- Long – Entry 1.00, Target 1.12, Stop 0.94
China Feihe Ltd (6186 HK)
- Shares gapped up and closed at a high since July 2022 with a jump in volume.
- MACD starts turning positive, while RSI is at an overbought level.
- Long – Entry 8.00, Target 8.77, Stop 7.62
China Resources Gas Group Ltd (1193 HK)
- Shares closed at a high since July 2022 with an increase in volume.
- MACD is positive, while RSI is at an overbought level.
- Long – Entry: 34.0, Target: 39.0 Stop: 31.5
