Technical Analysis – 15 August 2022
United States | Singapore | Hong Kong
Nike Inc (NKE US)
- Share edged up with the support of 20dEMA. The 20dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 115.0, Target 123.5, Stop 111.0
Macy’s Inc (M US)
- Shares closed at a 1.5-month high with rising volumes. The 5dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 19.1, Target 21.1 Stop 18.1
Bumitama Agri Ltd (P8Z SP)
- Shares closed above the 200dEMA. The 5dEMA was about to cross the 50dEMA and 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 0.640, Target 0.680, Stop 0.620
Singapore Airlines Ltd (C6L SP)
- Shares formed a cup and handle pattern. The 5dEMA provided a support level.
- RSI is constructive, while MACD starts to turn negative.
- Long – Entry 5.40, Target 5.55, Stop 5.33
China Hongqiao Group Ltd (1378 HK)
- Shares closed above the 20dEMA with a jump in volume. The 5dEAM was about to cross the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 8.1, Target: 9.1, Stop: 7.6
Ganfeng Lithium Co Ltd (2883 HK)
- Shares closed above the 50dEMA with a jump in volume. The 5dEAM crossed above the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 7.50, Target: 8.00 Stop: 7.25
