KGI Research Singapore

Singapore's leading broker offering Futures, FX, Equities and Wealth Management.

Technical Analysis: 18 April 2022

United States | Singapore | Hong Kong

United States

Nike Inc (NKE US)

  • Shares closed above the 5dMA on Thursday on higher-than-average trading volumes.
  • RSI reversed from its downtrend while MACD remains laggard.
  • Long Entry 129.01, Target 139.93, Stop 122.67

The Kraft Heinz Company (KHC US)

  • Shares are forming a cup pattern and have been trading near the 5dMA.
  • Shares broke the previous resistance level (~US$41).
  • RSI currently shows shares are at overbought levels while MACD remains comprehensive.
  • Long Entry 41.15, Target 44.10, Stop 40.04

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SINGAPORE

Yangzijiang Shipbuilding (BS6 SP)

  • Chart is the process of forming the cup of the bullish “cup and handle” pattern.
  • MACD is still supportive but uptrend may start to slow given RSI is at overbought levels
  • Long – Entry 1.64, Target 1.78, Stop 1.58

Golden Energy and Resources (AUE SP)

  • Shares have formed the bullish “cup and handle” chart pattern. 
  • Upside momentum is further supported by the 20d EMA and positive MACD trend
  • Long – Entry 0.61, Target 0.71, Stop 0.56

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HONG KONG

The Hong Kong market is closed today in observance of a public holiday (Easter Monday). Trading resumes tomorrow, 19 April.


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