Technical Analysis – 13 June 2022
United States | Singapore | Hong Kong
Barrick Gold Corp (GOLD US)
- Shares formed a bullish engulfing pattern with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 20.50, Target 22.15, Stop 19.7
First Majestic Silver Corp (AG US)
- Shares formed a bullish engulfing pattern with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 8.60, Target 9.75, Stop 8.05
Olam Group Ltd (OLAM SP)
- Shares closed above the 5dMA on Friday and formed a bullish engulfing pattern.
- Both RSI and MACD are constructive.
- Long – Entry 1.58, Target 1.67, Stop 1.53
mm2 Asia Ltd (MM2 SP)
- Shares closed above the 5dMA and 20dMA on Friday.
- Both RSI and MACD are constructive.
- Long – Entry 0.056, Target 0.062, Stop 0.053
GF Securities Co Ltd (1776 HK)
- Shares formed an bullish engulfing pattern and closed above the 50dEMA with an increase in volume. The 5dEMA was approaching the 50dEAM.
- MACD and RSI are constructive.
- Long – Entry: 10.25, Target: 11.70, Stop: 9.50
Kingdee International Software Group Co (268 HK)
- Shares formed a double-bottom and resumed an uptrend. The stock closed at a two-month high with rising volumes.
- MACD and RSI are constructive.
- Long – Entry: 16.7, Target: 18.7, Stop: 15.7
