Technical Analysis – 12 May 2022
United States | Singapore | Hong Kong
Teucrium Wheat Fund (WEAT US)
- Shares closed near an intraday high with a jump in volume. It has been holding up well within an upward channel amidst the market sell-off.
- MACD starts to turn around, and RSI is constructive.
- Long – Entry 11.0, Target 12.0, Stop 10.5
Teucrium Corn Fund (CORN US)
- Shares formed an island reversal pattern with a jump in volume. The mid-term uptrend is intact.
- RSI starts to turn around, while MACD shows weak momentum.
- Long – Entry 29.00, Target 30.15, Stop 28.50
MM2 Asia (MM2 SP)
- Previous resistance level is now the short-term support level.
- RSI rebounded from oversold levels while MACD is still lagging behind.
- Long – Entry 0.058, Target 0.066, Stop 0.055
UMS (UMSH SP)
- Shares jumped yesterday and closed above the 5dMA, 20dMA and 60dMA on higher-than-usual trading volumes
- RSI rebounded from its downtrend while MACD is converging towards the signal line.
- Long – Entry 1.17, Target 1.26, Stop 1.12
Fuyao Glass Industry Group Co Ltd (3606 HK)
- Shares closed at above the 50dEMA with a jump in volume. The stock has formed a double-bottom and resumed the uptrend.
- Both MACD and RSI are constructive.
- Long – Entry: 32.8 Target: 37.4, Stop: 30.5
Xinte Energy Co Ltd (1099 HK)
- Shares rebounded from the low bound of the upward channel with a decent volume.
- RSI starts to turn around, while MACD shows weak momentum.
- Long – Entry: 16.2, Target: 17.7, Stop: 15.4
