Technical Analysis – 17 June 2022
United States | Singapore | Hong Kong
Boeing Co (BA US)
- Shares formed an island reversal pattern with a jump in volume. The stock was poised to form a bullish flag pattern.
- MACD starts to turn positive, while RSI remains flat.
- Long – Entry 130, Target 145, Stop 124
ForgeRock Inc (FORG US)
- Shares formed an inverse head-and-shoulder pattern. The stock edged up with an increase in volume amidst the market sell-off.
- MACD is about to turn positive, while RSI is still flat.
- Long – Entry 18, Target 20, Stop 17
Tianjin Pharmcetl Da Ren Tang Grp Cp Ltd (TIAN SP)
- Shares broke out of the consolidation range yesterday.
- Both RSI and MACD are constructive.
- Long – Entry 1.09, Target 1.15, Stop 1.06
Frasers Logistics and Commercial Trust (FLT SP)
- Shares rebounded from oversold levels and closed above the 5dMA yesterday.
- MACD is converging towards the signal line.
- Long – Entry 1.31, Target 1.38, Stop 1.27
China Taiping Insurance Hldgs Co Ltd (966 HK)
- Shares had been trending upward and formed a bullish flag pattern.
- Both MACD and RSI are constructive.
- Long – Entry: 9.25, Target: 10.00, Stop: 8.75
JD Health International Inc (6618 HK)
- Shares had been trending upward.
- Both MACD and RSI are constructive.
- Long – Entry: 53, Target: 60, Stop: 50
