KGI Research Singapore

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

Technical Analysis – 18 October 2022

United States | Singapore | Hong Kong

Phillips 66 (PSX US)

  • Shares pulled back but closed above the 5dEMA with an increase in volume. The stock was poised to form a bullish flag pattern. 
  • MACD is constructive, but RSI starts turning downward.
  • Long Entry 93.5, Target 98.6, Stop 91.0

Deere & Company (DE US)

  • Shares was poised to form an inverse head-and-shoulder pattern. 
  • MACD is constructive, while RSI starts turning downward. 
  • Long Entry 355.0 Target 375.0, Stop 345.0

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Thai Beverage PCL (Y92 SP)

  • Shares closed above the 5dEMA with a jump in volume. 
  • MACD is about to turn positive, and RSI rebounds from an oversold level. 
  • Long – Entry 0.575, Target 0.600 Stop 0.565

Keppel Corporation Limited (BN4 SP)

  • Shares touched the 200dEMA and rebounded with an increase in volume. 
  • Both MACD and RSI are negative. 
  • Long – Entry 6.65, Target 6.90 Stop 6.50

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Beigene Ltd (6160 HK)

  • Shares closed above the 50dEMA and at a one-month high. The 5dEMA crossed above the 20dEMA. 
  • Both MACD and RSI are constructive. 
  • Long – Entry: 96.0, Target: 104.0, Stop: 92.0

WuXi AppTec Co., Ltd (2359 HK)

  • Shares were poised to form a bullish flag pattern. 
  • Both MACD and RSI are constructive. 
  • Long – Entry: 69.8, Target: 74.8 Stop: 67.4

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