KGI Research Singapore

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

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

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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

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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

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