KGI Research Singapore

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

Technical Analysis – 11 October 2022

United States | Singapore | Hong Kong

Northrop Grumman Corp (NOC US)

  • Shares closed at a new high with a jump in volume. 
  • Both MACD and RSI are constructive. 
  • Long Entry 502, Target 520, Stop 493

Mosaic Co (MOS US)

  • Shares broke out of the downward channel and closed aboved the 50dEMA with an increase in volume. The 5dEMA crossed above the 20dEMA. 
  • MACD is about to turn positive, while RSI remains flat. 
  • Long Entry 52.0 Target 56.5, Stop 50.0

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Uni-Asia Group Ltd (CHJ SP)

  • Shares gapped up and closed above the 5dEMA with an increase in volume. 
  • MACD is about to turn positive, and RSI is about to rebound from an oversold level. 
  • Long – Entry 0.870, Target 0.910 Stop 0.850

Sembcorp Marine Ltd (S51 SP)

  • Shares had been up for the last 7 consecutive trading days. The 20dEMA crossed above the 50dEMA. 
  • Both MACD and RSI are constructive. 
  • Long – Entry 0.117 Target 0.121, Stop 0.115

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China CITIC Bank Corporation Limited (998 HK)

  • Shares formed a bullish engulfing pattern with a jump in volume. The stock closed above the 5dEMA. 
  • MACD is about to turn positive, and RSI starts turning upward. 
  • Long – Entry: 3.12, Target: 3.20, Stop: 3.08

China Merchants Securities Co Ltd (6099 HK)

  • Shares formed a bullish engulfing pattern with a jump in volume. The stock closed above the 5dEMA. 
  • MACD is about to turn positive, and RSI starts turning upward. 
  • Long – Entry: 6.90, Target: 7.25 Stop: 6.75

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