Technical Analysis – 17 May 2023
United States | Singapore | Hong Kong
Advanced Micro Devices Inc. (AMD US)
- Shares closed at a high since Aug 2022, with a surge in volume.
- MACD is positive, RSI is constructive.
- Long – Entry 100, Target 108, Stop 96
Jabil Inc. (JBL US)
- Shares closed higher above the 50dEMA, with constructive volume over the past 4 days. 5dEMA just crossed the 20dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 80.0, Target 87.0, Stop 76.5
Singapore Technologies Engineering Ltd (STE SP)
- Shares closed above the 5dEMA with a surge in volume.The 5dEMA crossed the 20dEMA.
- RSI is constructive, while MACD is positive.
- Long – Entry 3.65, Target 3.80, Stop 3.58
Yangzijiang Shipbuilding Holdings Ltd (YZJSGD SP)
- Shares formed a falling wedge pattern and closed above the 5dEMA with rising volume.
- RSI is positive, while MACD is negative.
- Long – Entry 1.21, Target 1.30, Stop 1.17
Genscript Biotech Corp. (1548 HK)
- Shares closed above the 50dEMA, with constructive volume over the past 2 days. 5dEMA just crossed the 20dEMA.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 20.6, Target 22.6, Stop 19.6
China Resources Gas Group Ltd. (1193 HK)
- Shares closed above the 5dEMA with constructive volume over the past 2 days. 20dEMA is about to cross the 50dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 29.4, Target 31.4, Stop 28.4
