Technical Analysis – 17 August 2022
United States | Singapore | Hong Kong
Overstock.com Inc (OSTK US)
- Shares edged up and broke out of the consolidation with an increase in volume. The 20dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 34.0, Target 39.0, Stop 32.5
Charles Schwab Corporation (SCHW US)
- Shares had gone up for four consecutive trading days with rising volumes. The stock was poised to form a cup and handle pattern.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 75, Target 85 Stop 70
Sats Ltd (S58 SP)
- Shares broke out and closed at an intraday high with a jump in volume. The 5dEMA crossed above the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 4.15, Target 4.40, Stop 4.03
UOL Group Limited (U14 SP)
- Share jumped and closed at an intrade high with a surge in volume. The 5dEMA crossed above the 20dEMA.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry 7.45, Target 7.57, Stop 7.39
China State Construction Intrnl Hold Ltd (3311 HK)
- Shares formed a bullish engulfing pattern with a jump in volume. The stock closed above the 20dEMA since mid-July.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry: 8.0, Target: 8.6, Stop: 7.7
China Resources Cement Holdings Limited (1313 HK)
- Shares formed a bullish engulfing pattern with a jump in volume. The stock closed above the 20dEMA since mid-July. The 5dEMA was about to cross the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 4.80, Target: 5.20 Stop: 4.60
