KGI Research Singapore

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

Technical Analysis: 18 March 2022

United States | Singapore | Hong Kong

United States

Rio Tinto Plc (RIO US)

  • Shares closed above the 200dMA yesterday and 5dMA crossed the 200dMA.
  • RSI is constructive while MACD remains laggard.
  • Long Entry 73.17, Target 79.33, Stop 70.13

Schlumberger N.V. (SLB US)

  • Shares are strongly supported around US$38, which is also the previous resistance level.
  • RSI is showing signs of turnaround while MACD remains laggard.
  • Long Entry 38.10, Target 42.36, Stop 36.26

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SINGAPORE

Golden Energy and Resources Ltd (GER SP)

  • Shares formed a cup and handle pattern. 
  • MACD shows flat momentum, while RSI is constructive. 
  • Long – Entry 0.40, Target 0.45 Stop 0.38

ISDN Holdings Ltd (ISDN SP)

  • Shares gapped up and closed at above the 5dEMA. 
  • MACD is about to turn positive, and RSI also turns around. 
  • Long – Entry 0.60, Target 0.63, Stop 0.59

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HONG KONG

PICC Property & Casualty Co., Ltd. (2328 HK)

  • Shares formed an island reversal pattern at above the 200dEMA. 
  • MACD is about to turn positive, and RSI shows a V-shape rebound. 
  • Long – Entry: 7.50 Target: 7.82, Stop: 7.35

CNOOC (883 HK)

  • Shares formed an island reversal pattern at above the 200dEMA. 
  • MACD shows weak momentum, but RSI shows a V-shape rebound. 
  • Long – Entry: 9.0, Target: 10.0, Stop: 18.5

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