Technical Analysis – 12 August 2022
United States | Singapore | Hong Kong
United Parcel Service, Inc (UPS US)
- Share resumed an uptrend with rising volumes. The 20dEMA crossed above the 200dEMA.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 200, Target 220, Stop 190
PVH Corp (PVH US)
- Shares gapped up and closed near an intraday high. The 20dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 68.0, Target 73.5 Stop 65.5
Singapore Airlines (SIA SP)
- After a breakout of a consolidation channel, stock has been trading on the up trend but is testing the bottom of the trend. A bounce back up could see it trade towards the S$5.60 mark again and thereafter resume bullish uptrend.
- RSI constructive
- Long – Entry 5.44, Target 5.60, Stop 5.20
King Wan (KWAN SP)
- After consolidating for the past 3 sessions, the continued close above the 8/21 day EMA and slightly increasing volume indicates continued bullishness. Golden cross.
- RSI lowered on consolidation. Nonetheless, maintain tight stop loss.
- Long – Entry 0.047, Target 0.056, Stop 0.044
AIA Group Ltd (1299 HK)
- Shares formed a bullish engulfing pattern and closed above the 5dEMA with a jump in volume.
- MACD is about to turn positive, and RSI starts to turn upward.
- Long – Entry: 76.8, Target: 79.0, Stop:75.7
Ganfeng Lithium Co Ltd (1772 HK)
- Shares edged up with rising volumes. The 5dEMA was about to cross the 20dEMA.
- Both MACD and RSI are turning upward.
- Long – Entry: 3.75, Target: 4.00 Stop: 3.65
