Technical Analysis – 13 October 2022
United States | Singapore | Hong Kong
Macy’s, Inc (M US)
- Shares closed above the 50dEMA with an increase in volume. The 5dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 17.0, Target 18.6, Stop 16.2
FMC Corp (FMC US)
- Shares closed at a high since August with a jump in volumes.
- Both MACD and RSI are constructive.
- Long – Entry 113.8 Target 117.6, Stop 112.0
Sheng Siong Group Ltd (OV8 SP)
- Shares formed a bullish flag pattern.
- Both MACD and RSI are constructive.
- Long – Entry 1.62, Target 1.66 Stop 1.60
Geo Energy Resources Ltd (RE4 SP)
- Shares Shares formed a bullish flag pattern.
- Both MACD and RSI are constructive.
- Long – Entry 0.385 Target 0.415, Stop 0.370
MMG Ltd (1208 HK)
- Shares closed above the 5dEMA and the 20dEMA with a jump in volume. The 5dEMA crossed the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 2.00, Target: 2.16, Stop: 1.92
CSC Financial Co., Ltd (6066 HK)
- Shares edged up and closed above the 5dEMA with an increase in volume.
- MACD is positive, and RSI rebounds from an oversold level.
- Long – Entry: 6.10, Target: 6.30 Stop: 6.00