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
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
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
Related Posts: