Technical Analysis – 18 May 2022
United States | Singapore | Hong Kong
Advanced Micro Devices, Inc. (AMD US)
- Shares gapped up and closed near an intraday high with a jump in volume. The 5dEMA had crossed above the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 100.0, Target 109.5, Stop 95.0
Lam Research Corporation (LRCX US)
- Shares gapped up and closed near an intraday high with a jump in volume. The 5dEMA had crossed above the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 505, Target 543, Stop 486
Jiutian Chemical Group (C8R SP)
- Shares closed at an intraday high with a jump in volume. The stock held up well within the upward channel.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry 0.100, Target 0.110, Stop 0.095
Bumitama Agri Ltd (P8Z SP)
- Shares reversed the downtrend with stong volumes over the past two trading days. The stock closed at above the 20dEMA, and the 5dEMA was about to cross the 50dEMA.
- MACD starts to turn around, and RSI is constructive.
- Long – Entry 0.770, Target 0.825, Stop 0.740
BYD Company Ltd (1211 HK)
- Shares broke the previous resistance level and closed above the 5dMA yesterday on higher-than-usual trading volumes.
- 5dMA crossed the 200dMA yesterday.
- RSI is constructive while MACD has started to turnaround.
- Long – Entry: 244.20 Target: 267.0, Stop: 230.20
Kuaishou Technology (1024 HK)
- Shares broke the previous resistance level and closed above the 5dMA yesterday.
- Both MACD and RSI are on a healthy upward trend.
- Long – Entry: 68.25, Target: 77.75, Stop: 62.20
