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
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
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