Technical Analysis – 10 October 2022
United States | Singapore | Hong Kong
Interactive Brokers Group, Inc (IBKR US)
- Shares rebounded from the 5dEMA and formed a doji pattern with an increase in volume. The stock formed high highs and high lows within the upward channel.
- MACD turns positive, and RSI is constructive.
- Long – Entry 69.0, Target 75.0, Stop 66.0
Royal Caribbean Cruises Ltd (RCL US)
- Shares formed a bullish flag pattern with decent volumes.
- MACD is about to turn positive, while RSI remains flat.
- Long – Entry 43.2 Target 46.2, Stop 41.7
Keppel Corporation Limited (BN4 SP)
- Shares gapped up and closed above the 50dEMA with an increase in volume.
- RSI edges up, and MACD is about to turn positive.
- Long – Entry 7.00, Target 7.30 Stop 6.85
Sheng Siong Group Ltd (OV8 SP)
- Shares closed at an intraday high with a jump in volume. The 20dEMA crossed above both the 20dEMA and 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 1.62 Target 1.66, Stop 1.60
Sands China Ltd (1928 HK)
- Shares closed at a high since March with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 21.4, Target: 22.4, Stop: 19.5
Nongfu Spring Co Ltd (9633 HK)
- Shares closed at a high since March.
- Both MACD and RSI are constructive.
- Long – Entry: 47.5, Target: 49.5 Stop: 46.5
