Technical Analysis: 17 March 2022

United States | Singapore | Hong Kong

United States

Expedia Group Inc (EXPE US)

Shares are forming higher highs and higher lows.
Shares broke the previous resistance level and 5dMA has touched the 20dMA, indicating a possible crossover soon.
RSI is constructive while MACD has just crossed the signal line.
Long – Entry 188.36, Target 209.68, Stop 179.08

Visa Inc (V US)

Shares gapped up and closed above the 20dMA yesterday.
Shares filled the previous gap earlier on in November 2021.
RSI is constructive while MACD has just crossed the signal line.
Long – Entry 209.81, Target 224.89, Stop 203.08

SINGAPORE

Rex International Holding Ltd (REXI SP)

Shares formed a bullish engulfing candlestick with a jump in volume.
MACD shows strong selling momentum, while RSI slightly turns around.
Long – Entry 0.345, Target 0.375 Stop 0.330

Keppel Corporation Limited (KEP SP)

Shares closed at a 52-week high. It is poised to test the next resistance level.
MACD shows strong upward momentum, and RSI is at an overbought level.
Long – Entry 6.10, Target 6.30, Stop 6.00

HONG KONG

Orient Overseas International Ltd (316 HK)

Shares rebounded from the breakout of the upward channel, and hence, the uptrend remains intact.
MACD is about to turn positive, and RSI is constructive.
Long – Entry: 220 Target: 240, Stop: 210

COSCO SHIPPING Holdings Co., Ltd. (1919 HK)

Shares rebounded from the 200dEMA, and the range-bound remains intact.
MACD shows strong selling momentum, and RSI turns around from the oversold level.
Long – Entry: 14.0, Target: 15.1, Stop: 13.5

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