Technical Analysis: 16 December 2021

United States | Singapore | Hong Kong

UNITED STATES

Visa Inc (V US)

Shares closed above the 5dMA yesterday
RSI on an uptrend while MACD is diverging above the signal line
Shares have formed an island reversal which is a positive indicator
To long at the 5dMA and stop loss at the gap up from the island
Long – Entry 210.8, Target 221.6, Stop 205.9

Nvidia Corporation (NVDA US)

Shares rebounded and closed above the 60dMA for 2 consecutive days
RSI ticked upwards yesterday while MACD is converging towards the signal line
Long – Entry 299.3, Target 335.6, Stop 275.1

SINGAPORE

ComfortDelGro (CD SP)

Shares are finding support near its 10-year lows of 1.32
Bullish MACD crossover has formed while RSI is turning around.
Long – Entry 1.40, Target 1.55, Stop 1.32

ThaiBev (THBEV SP)

Bullish MACD crossover has formed while RSI is trending higher.
Near term support at 0.66, with value buying up greater than value sell down by 20% for 10 days.
Long – Entry 0.66, Target 0.72, Stop 0.64

HONG KONG

Tsingtao Brewery Co Ltd (168 HK)

Shares form an inverted head and shoulder pattern.
MACD shows an early sign of upward momentum, and RSI is constructive.
Long – Entry: 70.2, Target: 77.2, Stop: 67.2

PC Partner Group Ltd (1263 HK)

Shares tested the upper bound of the upward channel and fell back.
MACD is about to turn positive, and RSI is constructive.
Long – Entry: 15.5, Target: 18.0, Stop: 14.5

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