KGI Research Singapore

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

Technical Analysis: 14 March 2022

United States | Singapore | Hong Kong

United States

Macy’s Inc (M US)

  • Shares are consolidating and are strongly supported at the 200dMA.
  • Shares are currently at the bottom of the accumulation zone.
  • RSI and MACD are both moving sideways.
  • Long Entry 22.97, Target 28.43, Stop 20.35

Walgreens Boots Alliance Inc (WBA US)

  • Shares have reversed from its downtrend after forming a double bottom level.
  • Both RSI and MACD are constructive.
  • Long Entry 46.70, Target 50.19, Stop 45.08

Back To Top


Singtel (ST SP)

  • Shares have tested the 2.60 resistance for five times since November 2020. On a positive note, shares are forming higher lows. 
  • MACD is about to form a bullish crossover while RSI is turning up
  • Long – Entry 2.58, Target 2.8, Stop 2.45


  • Shares recently formed an island reversal after briefly falling below the 100d EMA of 28.90, and rebounding back to the prior consolidation level. This is typically a bullish chart pattern. 
  • RSI recently rebounded from oversold conditions while MACD is about to form a bullish crossover. 
  • Long – Entry 30.10, Target 32.59, Stop 28.90

Back To Top


Nongfu Spring Co Ltd (9633 HK)

  • Shares formed a bullish hammer candlestick last Friday. Meanwhile, the stock retested the key support of HK$36.55. 
  • RSI is at an oversold level, while MACD is still negative.  
  • Long – Entry: 37.00 Target: 39.95, Stop: 35.50

Orient Overseas International Ltd (316 HK)

  • Shares have been edging up within the upward channel. Last Friday, the stock formed a bullish engulfing pattern.  
  • MACD shows an early sign of turnover, and RSI is constructive. 
  • Long – Entry: 226, Target: 248, Stop: 219

Back To Top

Subscribe Now

Related Posts: