Technical Analysis: 17 January 2022
United States | Singapore | Hong Kong
Expedia Group Inc (EXPE US)
- Shares closed above the 5dMA yesterday and the previous resistance level is now the support level.
- Both MACD and RSI are on an upward momentum.
- Long – Entry 179.2, Target 192.1, Stop 172.4
Royal Caribbean Cruises Ltd (RCL US)
- Shares have filled the previous gap down and closed above the 5dMA yesterday
- Both MACD and RSI are on an upward momentum.
- Long – Entry 78.2, Target 85.1, Stop 74.9
SINGAPORE
Singtel (ST SP)
- Shares of Singtel have found support at the confluence of the critical 50% Fib of 2.41 and long-term trend line of 200d EMA of 2.42, while Friday’s price action formed a bullish engulfing candle.
- MACD and RSI are on an uptrend, which may portend the potential start of a new uptrend move after completing a 3-wave correction in 4Q2021.
- Long – Entry 2.42, Target 2.58, Stop 2.36
Hatten Land (HATT SP)
- Hatten Land’s shares are trying to find support at the critical 50% Fib of 0.05
- Bullish daily crossover and positive RSI momentum may indicate the start of a bullish uptrend.
- Long – Entry 0.050, Target 0.058, Stop 0.046
HONG KONG
China Traditional Chinese Medicine Holdings Co Ltd (570 HK)
- Shares formed a bullish flag pattern.
- RSI remains constructive while MACD shows an early sign of weakness.
- Long – Entry: 5.3, Target: 6.3, Stop: 5.0
Samsonite International S.A. (1910 HK)
- Shares form an inverted head and shoulder pattern.
- MACD shows upward momentum, and RSI is constructive.
- Long – Entry: 16.1, Target: 17.4, Stop: 15.5
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