Technical Analysis – 13 May 2022
United States | Singapore | Hong Kong
Teucrium Wheat Fund (WEAT US)
- Shares closed near an intraday high with a jump in volume. It has been holding up well within an upward channel amidst the market sell-off.
- MACD starts to turn around, and RSI is constructive.
- Long – Entry 11.0, Target 12.0, Stop 10.5
Teucrium Corn Fund (CORN US)
- Shares formed an island reversal pattern with a jump in volume. The mid-term uptrend is intact.
- RSI starts to turn around, while MACD shows weak momentum.
- Long – Entry 29.00, Target 30.15, Stop 28.50
SGX (SGX SP)
- Shares are well supported around S$9.30.
- RSI rebounded from oversold levels while MACD is still lagging behind.
- Long – Entry 9.40, Target 9.90, Stop 9.19
Singtel (ST SP)
- Shares broke the 52-week high recently and closed above the 5dMA yesterday.
- RSI retracted from overbought levels and some price correction might occur. To long at the 52-week high (S$2.75). MACD remains constructive.
- Long – Entry 2.75, Target 2.88, Stop 2.69
CSOP Hang Seng Index Daily (-2x) Inverse (7500 HK)
- Shares were trading up within the upward channel with a decent volume.
- Both MACD and RSI are constructive.
- Long – Entry: 6.82 Target: 7.35, Stop: 6.50
CSOP Hang Seng TECH Index Daily (-2x) Inverse Product (7552 HK)
- Shares were trading up within the upward channel with a decent volume.
- MACD starts to turn around, and RSI is constructive.
- Long – Entry: 12.5, Target: 14.5, Stop: 11.5