Technical Analysis – 13 March 2023
United States | Singapore | Hong Kong
Barrick Gold Corp (GOLD US)
- Shares rose and closed above the 5dEMA with an increase in volume.
- RSI is constructive and MACD is positive.
- Long – Entry 16 (buy-stop) Target 18 Stop 15
Enphase Energy Inc (ENPH US)
- Shares formed an inverse head and shoulder pattern with the 5dEMA crossing the 20dEMA.
- MACD is constructive, while RSI is falling.
- Long – Entry 208 Target 224 Stop 200
Best World International Ltd (BEST SP)
- Shares formed a bullish engulfing pattern and closed above the 20dEMA with an increase in volume.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 2.25, Target 2.40, Stop 2.18
Thomson Medical Group Ltd (TMG SP)
- Shares closed above the 5dEMA with rising volume.
- Both MACD and RSI are constructive.
- Long – Entry 0.075, Target 0.080, Stop 0.073
Weilong Delicious Global Holdings Ltd (9985 HK)
- Shares formed a bullish engulfing pattern with an increase in volume.
- RSI is constructive, while MACD is negative.
- Long – Entry 9.8, Target 11.0, Stop 9.2
Shandong Gold Mining Co Ltd (1787 HK)
- Shares rose and closed above the 5dEMA with a rise in volume.
- Both RSI and MACD are constructive.
- Long – Entry: 13.9, Target 15.5 Stop: 13.1
