Technical Analysis – 16 January 2023
United States | Singapore | Hong Kong
PVH Corp (PVH US)
- Shares closed at a high since March 2022 with rising volumes. The 50dEMA crossed above the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 83.2 Target 88.2 Stop 80.7
Advanced Micro Devices, Inc. (AMD US)
- Shares closed at a one-month high with an increase in volume. The 5dEMA crossed above the 5dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 70.0, Target 75.0, Stop 67.5
Singapore Airline (C6L)
- Shares closed at a 52-weeks high even closer to pre-pandemic levels, with a surge in volume.
- MACD is positive and RSI is at an overbought level.
- Long – Entry 5.84, Target 6.10, Stop 5.71
Singtel (Z74)
- Shares formed a hammer candlestick pattern and closed above the 5dEMA.
- MACD still remains negative but RSI is turning constructive.
- Long – Entry 2.48, Target 2.62, Stop 2.41
Wuxi Biologics Cayman Inc (2269 HK)
- Shares closed at a high since August 2022, with an increase in volume. The 20dEMA crossed the 200dEMA.
- MACD is constructive, while RSI remains at an overbought level.
- Long – Entry 70.7, Target 74.5, Stop 68.8
Genscript Biotech Corp (1548 HK)
- Shares closed at a high since August 2022 with an increase in volume.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry: 27.6, Target: 29.0 Stop: 26.9
