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
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
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