Technical Analysis – 17 May 2022
United States | Singapore | Hong Kong
Meta Platforms Inc (FB US)
- Shares formed an inverse head-and-shoulder pattern.
- MACD is about to turn positive, while RSI is neutral.
- Long – Entry 195.0, Target 212.7, Stop 185.0
SFL Corporation Ltd (SFL US)
- Shares broke out the consolidation, and the uptrend is intact on the weekly chart.
- MACD shows strong momentum, and RSI is at an overbought level.
- Long – Entry 11.2, Target 13.0, Stop 10.3
Jardine Cycle & Carriage Ltd (C07 SP)
- Shares had been trading within an uptrend and held up well above the gap. The stock closed at an intraday high with a jump in volume.
- RSI remains constructive, while MACD shows an early sign of weak momentum.
- Long – Entry 28.00, Target 30.74, Stop 27.00
Hour Glass Ltd (AGS SP)
- Shares rebounded with a surge in volume. The closing price was at the 5dEMA.
- RSI starts to turn around, while MACD shows weak momentum.
- Long – Entry 2.20, Target 2.36, Stop 2.12
Great Wall Motor Co Ltd (2333 HK)
- Shares had been trading upward for five consecutive trading days with a jump in volume. The 5dEMA is about to cross above the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 11.00 Target: 12.84, Stop: 10.10
Orient Overseas International Ltd (316 HK)
- Shares broke out the consolidation with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 225, Target: 249, Stop: 215
