Technical Analysis – 14 June 2022
United States | Singapore | Hong Kong
Barrick Gold Corp (GOLD US)
- Shares formed a bullish engulfing pattern with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 20.50, Target 22.15, Stop 19.7
First Majestic Silver Corp (AG US)
- Shares formed a bullish engulfing pattern with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 8.60, Target 9.75, Stop 8.05
Singtel Ltd (ST SP)
- Previous resistance level (~S$2.50) is the short-term support level.
- RSI rebounded before touching oversold levels yesterday, although MACD is still lagging.
- Long – Entry 2.50, Target 2.66, Stop 2.42
Sembcorp Industries Ltd (SCI SP)
- Shares closed above the 60dMA yesterday.
- Both RSI and MACD are relatively flat, however trading volume is gaining traction.
- Long – Entry 2.75, Target 2.89, Stop 2.68
CSOP Hang Seng TECH Index Daily (-2x) Inverse Product (7552 HK)
- Shares reversed the downtrend and closed above the 5dEMA.
- Both MACD and RSI start to turn upward slightly.
- Long – Entry: 8.5, Target: 9.5, Stop: 8.0
CSOP Hang Seng Index Daily (-2x) Inverse Product (7500 HK)
- Shares gapped up and closed above the 200dEMA with a jump in volume.
- Both MACD and RSI start to turn upward slightly.
- Long – Entry: 5.65, Target: 6.00, Stop: 5.48
