KGI Research Singapore

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

Technical Analysis: 12 January 2022

United States | Singapore | Hong Kong

Apple Inc (AAPL US)

  • Shares formed a double bottom recently (~US$168) and rebounded from that level.
  • Range bound trade with strong resistance at ~US$182.
  • Even though RSI and MACD are lagging, 5dMA has crossed the 60dMA yesterday which indicates a possible turnaround.
  • Long Entry 172.22, Target 182.21, Stop 167.92

Exxon Mobil Corporation (XOM US)

  • Shares closed at a 52-week high yesterday.
  • Both MACD and RSI are on a positive momentum, however RSI is currently overbought and might see some correction soon.
  • To long at the 5dMA level and take profit at the previous high in November 2019.
  • Long Entry 68.60, Target 73.10, Stop 66.35

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  • Shares are forming higher highs and higher lows after bottoming out after bottoming out in December 2021
  • While MACD is on a positive uptrend, RSI indicates slightly overbought conditions. Hence, we suggest that the 50d EMA of 9.47 be a better entry level to go long. 
  • Long Entry 9.47, Target 10.14, Stop 9.24

Mapletree Industrial Trust (MLT SP)

  • MLT’s units have dropped around 19% from the recent peak of 2.16
  • RSI indicates oversold conditions and are now in the accumulation zone. 
  • Long Entry 1.75, Target 1.88, Stop 1.68

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China Resources Cement Holdings Limited (1313 HK)

  • Shares broke out the previous high with rising volumes. Meanwhile, the stock has been trading above the 60dEMA for the last three trading days. 
  • Shares are heading to close the gap and test the 200dEMA. 
  • MACD shows strong upward momentum, while RSI hit an overbought level.
  • Long – Entry: 6.5, Target: 7.1, Stop: 6.2

China Merchants Bank (3968 HK)

  • Shares form a long-term triangle pattern, and the stock reversed the downtrend with rising volumes. 
  • MACD shows an early sign of upward momentum, and RSI is constructive. 
  • Long – Entry: 63, Target: 66, Stop: 61.5

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