KGI Research Singapore

Singapore's leading broker offering Futures, FX, Equities and Wealth Management.

Technical Analysis – 11 August 2022

United States | Singapore | Hong Kong

Marvell Technology Inc (MRVL US)

  • Shares broke out of the upward channel but rebounded with a jump in volume. The stock closed above the 5dEMA. 
  • RSI remains constructive, but MACD is about to turn negative. 
  • Long Entry 54.5, Target 58.4, Stop 52.5

Meta Platforms Inc (META US)

  • Shares gapped up and closed above the 50dEMA with an increase in volume. The stock had formed a bottom.  
  • Both MACD and RSI are constructive. 
  • Long Entry 176.0, Target 199.0 Stop 169

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Marco Polo Marine (MPM SP)

  • Consolidating above S$0.029 – S$0.03 channel. Last close above the 8/21 day EMA indicates bullish momentum, and could see it test YTD high again.  
  • RSI constructive
  • Long – Entry 0.032, Target 0.036, Stop 0.030

Riverstone (RSTON SP)

  • Trading at an upward channel since rebounding from bottom in middle of June. Last close bounced up from channel bottom to close above 8/21 day EMA. Breakout from channel could see it trade at levels seen in March to April.. 
  • RSI toppish, maintain tight stop loss.
  • Long – Entry 0.83, Target 0.94, Stop 0.79

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China Medical System Holdings (867 HK)

  • Shares formed a bullish flag. The 5dEMA crossed above the 20dEMA. 
  • MACD starts to turn positive, while RSI remains flat. 
  • Long – Entry: 12.3, Target: 12.9, Stop:12.0

China Molybdenum Co., Ltd (3993 HK)

  • Shares formed a double-bottom pattern. The 5dEMA was the support level. 
  • MACD is positive, while RSI remains flat. 
  • Long – Entry: 3.75, Target: 4.00 Stop: 3.65

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