Technical Analysis: 18 February 2022

United States | Singapore | Hong Kong

UNITED STATES

Walmart Inc (WMT US)

Shares closed above the 5dMA yesterday on higher-than average trading volumes.
RSI rebounded from the sharply before entering the oversold territory (RSI <30).
MACD is showing signs of possible reversal.
Recommend to long at the triple bottom level which provides strong support.
Long – Entry 135.94, Target 142.01, Stop 132.69

Airbnb Inc (ABNB US)

Shares formed a cup pattern and are poised for a breakout after consolidation.
Both MACD and RSI are constructive.
Long – Entry 181.63, Target 200, Stop 172.73

SINGAPORE

Golden Energy and Resources (GER SP)

After 3 months consolidating at the 0.30 level, shares are finally starting to gain momentum as trading volume picks up.
MACD is still positive.
Long – Entry 0.375, Target 0.425, Stop 0.350

Hour Glass Ltd (AGS SP)

Shares have gained upward momentum with an increase in volumes.
Both MACD and RSI are constructive.
Long – Entry 0.205, Target 0.215, Stop 0.200

HONG KONG

RemeGen Co Ltd (9995 HK)

Shares have bottomed out and are starting to edge up with rising volume.
Both MACD and RSI are constructive.
Long – Entry: 56 Target: 66, Stop: 50

Metallurgical Corporation of China Ltd. (1618 HK)

Shares are trending upward with a surg in volumes to complete the cup.
MACD and RSI remain constructive.
Long – Entry: 2.55, Target: 2.80, Stop: 2.45

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