Technical Analysis: 13 December 2021
United States | Singapore | Hong Kong
UNITED STATES
Walmart Inc (WMT US)
- Shares formed a triple bottom pattern last week and closed above the 5dMA on Friday
- RSI is trending upwards while MACD looks like about to cross the signal line
- Strong support at US$135.2, recommended to cut loss only if share price dips 1% to 2% below the triple bottom support level
- Long – Entry 139.1, Target 147.1, Stop 135.2
D.R. Horton Inc (DHI US)
- Shares reached an all-time high on Friday
- RSI on a positive momentum while MACD has crossed the signal line and is diverging upwards
- To enter at previous resistance level before shares broke out, which is also the 5dMA level
- Risk reward ratio determined 1:2 as shares are trading at an all-time high
Long – Entry 107, Target 112.7, Stop 104.1
SINGAPORE
Metech International Ltd (V3M SP)
- Shares closed at a new high with the highest jump in volume. Share had formed an uptrend.
- Both MACD and RSI showed strong upward momentum.
- Long – Entry 0.330, Target 0.380, Stop 0.305
Genting Singapore Ltd (G13 SP)
- Shares rebounded from the 0.236 Fibonacci level (S$0.74) and was trading at the previous consolidation range.
- MACD is about to turn positive, and RSI showed bottoming out from an oversold level.
- Long – Entry 0.78, Target 0.815, Stop 0.765
HONG KONG
Longfor Group Holdings Ltd (960 HK)
- Shares retested the 200dEMA level and managed to closed at above it.
- 200dEMA is the next support.
- MACD showed an early sign of upward momentum, and RSI is constructive.
- Long – Entry: 39.5, Target: 43, Stop: 38.0
RemeGen Co Ltd (9995 HK)
- Shares pulled back to a lower bound of the consolidation range.
- MACD is about to turn positive, and RSI shows a positive sign of a turnaround.
- Long – Entry: 94.5, Target: 109.5, Stop: 87.0
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