Technical Analysis – 14 November 2022
United States | Singapore | Hong Kong
Freeport-McMoRan Inc (FCX US)
- Shares gapped up and formed a shooting star pattern with an increase in volume. The 20dEMA was about to cross the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 37.0, Target 41.0, Stop 34.5
Adobe Inc (ADBE US)
- Shares closed at a two-month high with rising volumes. The 5dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 335.0 Target 361.7, Stop 323.0
Sunpower Group (5GD SP)
- Shares gapped up and closed at a one-month high with a jump in volume. The 5dEMA crossed the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 0.250, Target 0.270 Stop 0.240
Riverstone Holdings Ltd (AP4 SP)
- Shares closed at a two-month high above the 50dEMA with a jump in volume. The 5dEMA crossed the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 0.640, Target 0.670 Stop 0.625
Zoomlion Heavy Industry Science and Technology Co Ltd (1157 HK)
- Shares closed at a two-month high above the 50dEMA with a jump in volume. The 5dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 3.06 Target: 3.46, Stop: 2.86
Shandong Gold Mining Co Ltd (1787 HK)
- Shares gapped up and closed at a high since April with a jump in volume.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry: 14.3, Target: 15.6 Stop: 12.7
