Technical Analysis: 17 February 2022
United States | Singapore | Hong Kong
UNITED STATES
Carnival Corp (CCL US)
- Shares recovered quickly from below 200dEMA. The stock has been trading within the upward channel for most trading days since the low in December 2021.
- Both MACD and RSI are constructive.
- Long – Entry 22.3, Target 25.3, Stop 21.3
Nu Holdings Ltd (NU US)
- Shares form a bullish flag pattern.
- Both MACD and RSI are constructive.
- Long – Entry 8.5, Target 10.8, Stop 7.5
SINGAPORE
Frencken (FRKN SP)
- Shares are hitting a key resistance at the 38.20% Fib of 1.78. However, there was healthy buying volume at the 1.67 level which may indicate the start of a new uptrend after bottoming out at the key support of 1.50 in Jan 2022.
- MACD and RSI remain in an uptrend momentum.
- Long – Entry 1.74, Target 1.91, Stop 1.66
ThaiBev (THBEV SP)
- The stock has cleared the key 50% Fib of 0.675, which should provide support upon any pullbacks. Shares have risen consecutively for two days on higher-than-average trading volumes.
- MACD remains bullish.
- Long – Entry 0.695, Target 0.770, Stop 0.670
HONG KONG
Samsonite International S.A. (1910 HK)
- Shares are holding up well within the upward channel.
- Both MACD and RSI are constructive.
- Long – Entry: 17.5 Target: 19.5, Stop: 16.8
Sinopharm Group Co., Ltd. (1099 HK)
- Shares have formed an inverted head and shoulder pattern, and the stock has been trending upward steadily with stable volumes.
- MACD and RSI remain constructive.
- Long – Entry: 19.5, Target: 21.2, Stop: 18.5
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