Technical Analysis – 15 July 2022
United States | Singapore | Hong Kong
Costco Wholesale Corporation (COST US)
- Shares closed at a two-month high with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 510, Target 545, Stop 493
Constellation Brands, Inc (STZ US)
- Shares formed an inverted head-and-shoulder pattern with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 250, Target 260, Stop 245
Chip Eng Seng (CES SP)
- Firmly on uptrend, closing above 8/21-day EMA. Golden cross
- RSI moderated.
- Long – Entry 0.595, Target 0.675, Stop 0.575
NikkoAM-STC CN EV (EVS SP)
- Uptrend established since May. Bullish close above 21-day EMA indicates some buying momentum
- RSI constructive.
- Long – Entry 0.948, Target 1.01, Stop 0.92
Nexteer Automotive Group Ltd (1316 HK)
- Sharesf fell to the lower bound of the upward channel and rebounded. The 50dEMA was a strong support.
- RSI is constructive, while MACD starts to turn negative.
- Long – Entry: 5.50, Target: 6.35, Stop: 5.10
Orient Overseas (International) Ltd (316 HK)
- Shares closed above the 50dEMA with an increase in volume. The 5dEMA was about to cross the 20dEMA.
- MACD and RSI are constructive.
- Long – Entry: 223.0, Target: 240.6, Stop: 214.2
