Technical Analysis – 17 October 2022
United States | Singapore | Hong Kong
Phillips 66 (PSX US)
- Shares pulled back but closed above the 5dEMA with an increase in volume. The stock was poised to form a bullish flag pattern.
- MACD is constructive, but RSI starts turning downward.
- Long – Entry 93.5, Target 98.6, Stop 91.0
Deere & Company (DE US)
- Shares was poised to form an inverse head-and-shoulder pattern.
- MACD is constructive, while RSI starts turning downward.
- Long – Entry 355.0 Target 375.0, Stop 345.0
Yangzijiang Shipbuilding Holdings Ltd (BS6 SP)
- Shares formed a cup and handle pattern.
- Both MACD and RSI are constructive.
- Long – Entry 1.15, Target 1.25 Stop 1.10
Chip Eng Seng Corporation Ltd (C29 SP)
- Shares consolidated above the 20dEMA.
- RSI turns upward, while MACD turns negative.
- Long – Entry 0.700, Target 0.750 Stop 0.675
CSPC Pharmaceutical Group Ltd (1093 HK)
- Shares closed at a one-month high with an increase in volume. The 5dEMA crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 7.80, Target: 8.20, Stop: 7.60
Kerry Logistics Network Ltd (636 HK)
- Shares closed above the 5dEMA with a jump in volume.
- MACD starts turning positive, and RSI rebounds from an oversold level.
- Long – Entry: 12.5, Target: 13.3 Stop: 12.1
