Technical Analysis – 14 July 2022
United States | Singapore | Hong Kong
Dicks Sporting Goods Inc (DKS US)
- Shares closed at an one-month high and above the 50dEMA. The 5dEMA just crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 87.0, Target 95.5, Stop 83.0
QUALCOMM, Inc. (QCOM US)
- Shares formed a bullish engulfing pattern with an increase in volume. The 5dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 135.0, Target 145.0, Stop 130.0
Tiong Woon Corporation (TWC SP)
- Last closed above 8/21 day EMA, breaking out of an ascending triangle, which formed earlier this month.
- RSI on uptrend.
- Long – Entry 0.54, Target 0.59, Stop 0.52
Silverlake Axis (SILV SP)
- Firmly on another leg up after consolidation earlier this month. Golden cross.
- RSI toppish, hence the need for a tight stop loss..
- Long – Entry 0.425, Target 0.54, Stop 0.405
Samsonite International S.A. (1910 HK)
- Shares held up well within the upward channel. The stock closed above the 5dEMA.
- MACD and RSI are constructive.
- Long – Entry: 16.5, Target: 18.0, Stop: 15.8
Nayuki Holdings Ltd (2150 HK)
- Shares was poised to form a head-and-shoulder pattern. The stock closed above the 20dEMA with an increase in volume.
- RSI is positive, while MACD remains negative.
- Long – Entry: 6.35, Target: 6.82, Stop: 6.15
