KGI Research Singapore

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

Technical Analysis: 12 April 2022

United States | Singapore | Hong Kong

United States

Ross Stores (ROST US)

  • Shares gapped up and closed above the 5dMA yesterday.
  • Both MACD and RSI are constructive.
  • Long Entry 98.37, Target 106.32, Stop 94.39

Tyson Foods (TSN US)

  • Shares are forming a healthy uptrend and closed above the 5dMA yesterday.
  • Both MACD and RSI are constructive.
  • Long Entry 91.97, Target 96.40, Stop 89.53

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SINGAPORE

ComfortDelGro (C52 SP)

  • Chart has formed a bullish “cup and handle” pattern.
  • MACD and RSI indicate consolidation at the current levels before stock can move higher. 
  • Long – Entry 1.48, Target 1.62, Stop 1.41

Sembcorp Marine (S51 SP)

  • Shares are in the process of forming a “cup and handle” chart pattern. 
  • Likely consolidation at 10.6-10.8 Sing cents before breaking out. 
  • Long – Entry 0.106, Target 0.114, Stop 0.102

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HONG KONG

Blue Moon Group Holdings Ltd (6993 HK)

  • Shares closed above the 50dEMA with an increase in volumes. The stock has formed an uptrend since mid-March. 
  • Both MACD and RSI are constructive. 
  • Long – Entry: 5.80 Target: 6.65, Stop: 5.40

HSBC Holdings PLC (5 HK)

  • Shares are consolidating amid the market sell-down. 
  • Both MACD and RSI are constructive. 
  • Long – Entry: 54.0, Target: 55.7, Stop: 53.1

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