KGI Research Singapore

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

Technical Analysis – 14 October 2022

United States | Singapore | Hong Kong

Microsoft Corporation (MSFT US)

  • Shares rebounded from a 52-week low and closed above the 5dEMA with a jump in volume. The stock formed a bullish engulfing pattern. 
  • MACD is about to turn positive, and RSI starts to turn upward.
  • Long Entry 230.0, Target 245.0, Stop 222.5

Caterpillar Inc (CAT US)

  • Shares closed above the 50dEMA with a jump in volume. The stock formed a bullish engulfing pattern. The 5dEMA crossed above the 50dEMA.
  • Both MACD and RSI are constructive. 
  • Long Entry 181.0 Target 192.5, Stop 176.0

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Comfortdelgro Corporation Ltd (C52 SP)

  • Shares closed above the 5dEMA with an increase in volume. 
  • MACD is about to turn positive, and RSI rebounds from an oversold level. 
  • Long – Entry 1.26, Target 1.32 Stop 1.23

Sheng Siong Group Ltd (OV8 SP)

  • Shares Shares formed a bullish flag pattern. 
  • Both MACD and RSI are constructive. 
  • Long – Entry 1.62, Target 1.66 Stop 1.60

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China Power International Development Ltd (2380 HK)

  • Shares continued to edge up and close above the 5dEMA with rising volumes. 
  • MACD is positive, and RSI rebounds from an oversold level. 
  • Long – Entry: 3.00, Target: 3.40, Stop: 2.80

China Traditional Chinese Medicine Holdings Co Ltd (570 HK)

  • Shares edged up and closed above the 5dEMA with an increase in volume. The 5dEMA was about to cross the 20dEMA. 
  • Both MACD and RSI are constructive. 
  • Long – Entry: 2.90, Target: 3.15 Stop: 2.78

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