Technical Analysis: 13 April 2022

United States | Singapore | Hong Kong

United States

Johnson & Johnson (J&J US)

Shares are on a healthy upward trend.
Both RSI and MACD are constructive.
Long – Entry 182.51, Target 189.00, Stop 179.26

Dow Inc (DOW US)

Shares closed above the 5dMA yesterday.
Shares closed above the previous resistance level (~US$62) and the 5dMA touched the 20dMA.
RSI reversed from its downtrend, however MACD remains laggard.
Long – Entry 61.95, Target 64.75, Stop 60.65

SINGAPORE

Yangzijiang Shipbuilding (BS6 SP)

Chart is the process of forming the cup of the bullish “cup and handle” pattern.
MACD is still supportive but uptrend may start to slow given RSI is at overbought levels
Long – Entry 1.60, Target 1.68, Stop 1.56

Sembcorp Marine (S51 SP)

Shares finally formed the cup of the bullish “cup and handle” chart pattern, while also closing firmly above the 200d EMA
MACD remains bullish.
Long – Entry 0.106, Target 0.115, Stop 0.101

HONG KONG

Hainan Meilan International Airport Co Ltd. (357 HK)

Shares closed above the 20dEMA with a jump in volumes.
Both MACD and RSI are about to turnaround.
Long – Entry: 17.5 Target: 19.5, Stop: 16.5

Tsingtao Brewery Co Ltd (168 HK)

Shares formed a bullish engulfing candlestick pattern with a jump in volumes.
Both MACD and RSI show an early sign of turnaround.
Long – Entry: 59.5, Target: 65.1, Stop: 56.7

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