KGI Research Singapore

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

Technical Analysis: 14 January 2022

United States | Singapore | Hong Kong

Caterpillar Inc (CAT US)

  • Shares closed above the 5dMA yesterday and broke the previous resistance level.
  • Shares are also forming a cup pattern.
  • Both MACD and RSI are on a positive momentum. However, RSI is oversold and there might be some correction in share price soon.
  • Long Entry 223.91, Target 235.17, Stop 218.78

Boeing Company (BA US)

  • Shares gapped up yesterday and the 5dMA touched the 200dMA, indicating a possible crossover soon.
  • Both MACD and RSI are on a positive momentum.
  • Long Entry 222.08, Target 232.32, Stop 217.23

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Mapletree Logistics Trust (MLT SP)

  • MLT’s units dropped around 19% from the recent peak of 2.16. 
  • It rebounded 3.5% yesterday from the support of 1.74 after RSI indicated oversold conditions. 
  • Long Entry 1.78, Target 1.88, Stop 1.74

Mapletree Commercial Trust (MCT SP)

  • MCT dropped more than 17% from the recent peak, a similar drop the stock experienced back in Sep-Oct 2021. 
  • RSI indicates severely oversold conditions. Following the 16% decline last Sep, MCT rebounded by as much as 30% from the depths of the sell-off. Both momentum indicators (RSI and MACD) are now starting to turn around. 
  • Long Entry 1.85, Target 1.98, Stop 1.80

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China Mengniu Dairy Company Limited (2319 HK)

  • Shares formed a bullish flag pattern and a double bottom pattern.
  • Both MACD and RSI are constructive.
  • Long – Entry: 47.0, Target: 50.0, Stop: 45.5

China Oilfield Services Limited (2883 HK)

  • Shares have been trading within an upward channel. It closed at a high since last October with a surge in volume.  
  • MACD shows strong upward momentum, while RSI reaches an overbought level. 
  • Long – Entry: 7.1, Target: 8.1, Stop: 6.6

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