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
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
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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