Technical Analysis – 12 September 2022
United States | Singapore | Hong Kong
Luminar Technologies, Inc. (LAZR US)
- Shares gapped up and closed near an intraday high with an increase in volume.
- MACD is about to turn positive, and RSI is turning upward.
- Long – Entry 9.3, Target 10.5, Stop 8.7
Macy’s Inc (M US)
- Shares was poised to form the right shoulder.
- MACD is about to turn positive, and RSI is turning upward.
- Long – Entry 18.1 Target 19.2, Stop 17.6
Bumitama Agri Ltd (P8Z SP)
- Shares closed above the 5dEMA and 20dEMA with an increase in volume.
- MACD is about to turn positive, and RSI is turning upward.
- Long – Entry 0.610, Target 0.660, Stop 0.585
Civmec Ltd (P9D SP)
- Shares gapped up and closed at a three-month high with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 0.655 Target 0.675, Stop 0.645
The Hong Kong market is closed today in observance of a public holiday, Mid-Autumn Festival. The market will reopen on 13 September, Tuesday.
