Technical Analysis: 15 February 2022
United States | Singapore | Hong Kong
UNITED STATES
Digital Turbine Inc (APPS US)
- Shares hold up well within the upward channel with rising volumes.
- Both MACD and RSI are constructive.
- Long – Entry 51, Target 59, Stop 47
Walt Disney Co (DIS US)
- Shares are trading within the upward channel. Before 4Q21 earnings released, shares filled the gap. Shares are correcting from the gap-up on the earnings day and approaching to fill the gap.
- Both MACD and RSI are constructive.
- Long – Entry 146, Target 156, Stop 141
SINGAPORE
Wilmar (WIL SP)
- Shares are forming higher highs and higher lows after bottoming at 4.00 in December 2021.
- MACD and RSI are still on an uptrend and supportive of positive momentum.
- Long – Entry 4.52, Target 5.04, Stop 4.30
Mermaid Maritime (MMT SP)
- Bullish pattern as the stock forms higher highs and higher lows on increasing trading volume. .
- MACD formed a bullish crossover yesterday, indicative of positive upside momentum.
- Long – Entry 0.080, Target 0.090, Stop 0.075
HONG KONG
Shangri-La Asia Limited (69 HK)
- Shares went up for seven consecutive trading days with rising volume.
- MACD shows strong momentum, while RSI is at an overbought level.
- Long – Entry:6.9 Target: 7.5, Stop: 6.3
Haidilao International Holding Ltd (6862HK)
- Shares broke out the upward channel and closed at above the 200dEMA.
- MACD shows an early sign of a turnaround, and RSI remains constructive.
- Long – Entry: 14.2, Target:15.3, Stop: 13.7
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