Technical Analysis – 12 July 2022
United States | Singapore | Hong Kong
Campbell Soup Company (CPB US)
- Shares edged up with rising volumes.The stock held up well above the 5dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 48.50, Target 49.85, Stop 47.8
Martin Marietta Materials, Inc (MLM US)
- Shares formed a bullsh engulfing pattern with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 310, Target 325, Stop 303
Hongkong Land (HKL SP)
- Golden cross. Friday’s closing price of S$5.01 apiece was above the 8-day EMA, indicating continued bullishness on the stock.
- RSI constructive.
- Long – Entry 5.01, Target 5.37, Stop 4.88
Samudera Shipping (SAMU SP)
- Closed above 8/21 day EMAs for the first time since late June. Both 8/21 day EMAs at the same level indicate a shift in the previous downtrend.
- RSI remains constructive
- Long – Entry 0.795, Target 0.875, Stop 0.755
China Resources Gas Group Ltd (1193 HK)
- Shares continued to trend upward despite the market sell-down.
- MACD and RSI are constructive.
- Long – Entry: 37.5, Target: 40.0, Stop: 36.3
Anhui Conch Cement Company Limited (914 HK)
- Shares formed a cup and handle pattern. The 5dEMA had crossed above the 20dEMA.
- MACD is constructive, while RSI remains flat.
- Long – Entry: 34.4, Target: 35.8, Stop: 33.7
