Technical Analysis: 19 April 2022

United States | Singapore | Hong Kong

United States

Bank Of America Corp (BAC US)

Shares formed a bullish engulfing candle yesterday.
RSI reversed from its oversold levels while MACD remains laggard.
Long – Entry 37.72, Target 40.40, Stop 36.53

Home Depot Inc (HD US)

Shares formed a triple bottom level and touched the support level yesterday (~US$300).
MACD remains constructive while RSI is on a downtrend.
Long – Entry 298.81, Target 321.14, Stop 288.85

SINGAPORE

Geo Energy (RE4 SP)

Chart has formed the cup of the bullish “cup and handle” pattern.
MACD is still supportive of the uptrend while RSI indicates consolidation prior to the stock breaking upwards.
Long – Entry 0.580, Target 0.655, Stop 0.535

Golden Energy and Resources (AUE SP)

Shares have formed the bullish “cup and handle” chart pattern.
Upside momentum is further supported by the 20d EMA and positive MACD trend
Long – Entry 0.640, Target 0.71, Stop 0.605

HONG KONG

Samsonite International S.A. (1910 HK)

Shares formed an island reversal pattern with rising in volumes.
MACD starts to turn upward, and RSI is constructive.
Long – Entry: 16.8 Target: 18.5, Stop: 16.0

Haier Smart Home Co Ltd (6690 HK)

Shares gapped up and closed near the intraday high with a jump in volume. The stock has formed an upward channel.
Both MACD and RSI are constructive.
Long – Entry: 27.0, Target: 28.9, Stop: 26.1

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