Technical Analysis – 11 May 2022
United States | Singapore | Hong Kong
Visa Inc (V US)
- Shares are well supported around $190 at a double-bottom level.
- Both RSI and MACD are currently on a downtrend.
- Long – Entry 189.98, Target 207.75, Stop 180.68
Exxon Mobil Corp (XOM US)
- Shares rebounded and closed above the fibbonaci trading range yesterday ($84.76 to $90.06).
- Both RSI and MACD are currently on a downtrend.
- Long – Entry 84.76, Target 92.06, Stop 80.02
ST Engineering (STE SP)
- Shares formed a triple bottom and rebounded from that level yesterday.
- RSI is moving sideways while MACD is on a downtrend.
- Long – Entry 3.99, Target 4.16, Stop 3.93
Jiutian Chemical (JIUC SP)
- Previous resistance level is now the short-term support level.
- RSI is constructive while MACD is converging towards the signal line.
- Long – Entry 0.096, Target 0.105, Stop 0.092
Tsingtao Brewery Co Ltd (168 HK)
- Shares retested the previous lows and closed near the intraday high with an increase in volume.
- MACD remains constructive, while RSI shows a sign of consolidation.
- Long – Entry: 59.0 Target: 65.0, Stop: 56.0
Sinopharm Group Co. Ltd (1099 HK)
- Shares formed a bullish engulfing pattern with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 17.8, Target: 18.8, Stop: 17.3
