KGI Research Singapore

Singapore's leading broker offering Futures, FX, Equities and Wealth Management.

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

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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

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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

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