Technical Analysis – 15 June 2022
United States | Singapore | Hong Kong
Imperial Oil Ltd (IMO US)
- Shares formed a hammer candlestick pattern with a jump in volume. The stock had been holding up well in the upward channel.
- MACD starts to turn negative, and RSI starts to turn downward.
- Long – Entry 52.0, Target 57.3, Stop 49.8
Pioneer Natural Resources Co (PXD US)
- Shares gapped down and formed a doji pattern above the 50dEMA with a jump in volume. The stock had been trending upward.
- MACD starts to turn negative, and RSI starts to turn downward.
- Long – Entry 250, Target 280, Stop 235
First Resources Ltd (FR SP)
- Shares closed above the 5dMA yesterday.
- RSI is relatively flat while MACD is constructive.
- Long – Entry 1.98, Target 2.16, Stop 1.88
RH Petrogas Ltd (RHP SP)
- Shares closed above the 5/20/60dMA yesterday.
- RSI reversed from its downtrend while MACD is constructive.
- Long – Entry 0.270, Target 0.300, Stop 0.255
Haitong Securities Co Ltd (6837 HK)
- Shares formed a bullish engulfing pattern with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 5.70, Target: 6.11, Stop: 5.48
CITIC Securities Company Limited (6030 HK)
- Shares formed a bullish engulfing pattern with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 17.0, Target:18.0, Stop: 16.5
