Technical Analysis: 11 April 2022

United States | Singapore | Hong Kong

United States

Gilead Sciences Inc (GILD US)

Shares closed above the 5dMA on Friday and is forming a cup pattern.
Both MACD and RSI are constructive.
Long – Entry 61.26, Target 65.95, Stop 58.94

Home Depot Inc (HD US)

Shares closed above the 5dMA on Friday.
Shares are well-supported around US$298, a triple-bottom level.
Both MACD and RSI are starting to turn around.
Long – Entry 298.81, Target 331.06, Stop 285.12

SINGAPORE

Nanofilm Technologies (MZH SP)

Shares have recouped all the losses in March, and have found two support levels. The first is the key support of 2.80 and the second is the 20d EMA which is moving upwards.
MACD and RSI remain constructive.
Long – Entry 2.80, Target 3.08, Stop 2.68

Golden Energy and Resources (AUE SP)

Strong share price action last week as it closed at a new 5-year high on higher volume. Chart has formed a bullish “cup and handle” pattern.
Prior resistance of 0.51 now forms a key support level.
Long – Entry 0.615, Target 0.700, Stop 0.575

HONG KONG

Zoomlion Heavy Industry Science and Technology (1157 HK)

Shares broke out the consolidation and closed near the intraday high with a surge in volume.
Both MACD and RSI are constructive.
Long – Entry: 5.30 Target: 6.16, Stop: 4.90

Metallurgical Corporation of China (1618 HK)

Shares formed a bullish engulfing candlestick pattern with a high volume.
Both MACD and RSI start to turn positive.
Long – Entry: 2.15, Target: 2.50, Stop: 2.00

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