Technical Analysis – 16 February 2023
United States | Singapore | Hong Kong
Martin Marietta Materials Inc (MLM US)
- Shares gapped up and closed at a high since April 2022 above the 5dEMA with a jump in volume.
- MACD is constructive and RSI is positive.
- Long – Entry 378 Target 390 Stop 372
Lululemon Athletica Inc (LULU US)
- Shares closed at a one-month high above the 200dEMA with rising volume. The 5dEMA crossed the 50dEMA.
- MACD and RSI are constructive.
- Long – Entry 322, Target 340, Stop 313
Nippecraft (N32 SP)
- Shares closed at a high since Dec 22, above the 5dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 1.08, Target 0.96, Stop 0.90
Starhub (CC3 SP)
- Shares closed at the 5dEMA, with constructive volume over the past 4 days.
- RSI is flat, share has limited downside.
- Long – Entry 1.05, Target 1.13, Stop 1.01
Want Want China Holdings Ltd (151 HK)
- Shares closed above the 20dEMA with an increase in volume.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 5.0, Target 5.4, Stop 4.8
China Traditional Chinese Medicine Holdings Co Ltd (570 HK)
- Shares closed above the 5dEMA with an increase in volume.
- RSI is constructive and MACD is positive.
- Long – Entry: 4.2, Target: 4.8 Stop: 3.9
