Technical Analysis – 18 January 2023
United States | Singapore | Hong Kong
Costco Wholesale Corp (COST US)
- Shares closed at a one month high above the 50dEMA with rising volumes forming a bullish flag pattern. The 5dEMA crossed the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 487.0 Target 492.0 Stop 484.5
Airbnb Inc (ABNB US)
- Shares closed above the 5dEMA with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 101.0, Target 103.2, Stop 99.9
OCBC Bank (O39 SP)
- Shares consolidated over the past few days to form a triangular pattern.
- MACD is positive and RSI is constructive.
- Long – Entry 12.60, Target 13.10, Stop 12.35
TOTM Technologies Limited (42F SP)
- Shares closed higher today with a surge in volume.
- MACD is positive and RSI is constructive.
- Long – Entry 0.115, Target 0.13, Stop 0.108
Xtep International Holdings Limited (1368 HK)
- Shares closed slightly above the 200dEMA with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 9.8, Target 11.0, Stop 9.2
Sunny Optical Technology (Group) Co. Ltd (2382 HK)
- Shares continued to edge up with rising volumes.
- Both MACD and RSI are constructive.
- Long – Entry: 100.0, Target: 110.0 Stop: 105.0
