Technical Analysis – 14 March 2023
United States | Singapore | Hong Kong
Spotify Technology SA (SPOT US)
- Shares tested the 5dEMA and closed slightly below it with high volume. The 50dEMA crossed the 200dEMA.
- RSI is constructive, while MACD is about to turn positve.
- Long – Entry 122 Target 132 Stop 117
DR Horton Inc (DHI US)
- Shares formed an inverted hammer above the 5dEMA. The 5dEMA crossed the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 94.0 Target 101.0 Stop 90.5
Hour Glass Ltd/The (HG SP)
- Shares rose and closed above the 5dEMA with an increase in volume.
- RSI is constructive and MACD is positive.
- Long – Entry 2.23, Target 2.40, Stop 2.15
Acesian Partners Ltd (ACP SP)
- Shares closed above the 20dEMA. The 5dEMA is about to cross the 20dEMA.
- RSI is constructive, while MACD is negative.
- Long – Entry 0.060, Target 0.068, Stop 0.056
CSSC Offshore and Marine Engineering Group Co Ltd (317 HK)
- Shares formed a bullish flag pattern and closed above the 5dEMA with an increase in volume.
- Both RSI and MACD are constructive.
- Long – Entry 9.0, Target 10.0, Stop 8.5
China National Building Material Co Ltd (3323 HK)
- Shares rose and closed above the 200dEMA with a rise in volume. The 5dEMA crossed the 200dEMA.
- RSI is constructive, while MACD is negative.
- Long – Entry: 7.34, Target 8.30 Stop: 6.86
