Technical Analysis – 16 August 2022
United States | Singapore | Hong Kong
Visa Inc (V US)
- Share closed at a three-month high. The 20dEMA was about to cross the 200dEMA.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry 215, Target 225, Stop 210
Starbucks Corporation (SBUX US)
- Shares closed above the 200dEMA and a four-month high with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 89.0, Target 95.0 Stop 86
AEM Holdings Ltd (AWX SP)
- Shares gapped up and closed higher than the open price with a surge in volume.
- Both MACD and RSI are constructive.
- Long – Entry 4.60, Target 4.95, Stop 4.45
UMS Holdings Limited (558 SP)
- Shares gapped up and closed at a four-month high with a jump in volume. The 5dEMA provided a strong support level.
- Both MACD and RSI are constructive.
- Long – Entry 1.23, Target 1.30, Stop 1.19
Haidilao International Holding Ltd (6862 HK)
- Shares broke out of the consolidation channel with a jump in volume. The 20dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 17.0, Target: 19.0, Stop: 16.0
China Power International Development Limited (2360 HK)
- Shares reversed the downtrend with a jump in volume previously. The 5dEMA turned upward.
- MACD is about to turn positive, and RSI recovered from an oversold level.
- Long – Entry: 3.90, Target: 4.30 Stop: 3.70
