Technical Analysis – 19 April 2023

United States | Singapore | Hong Kong

DraftKings, Inc. (DKNG US)

• Shares closed at a 52-week high, with a surge in volume.
• MACD just turned positive, RSI is constructive.
• Long – Entry 20.6, Target 23.0 Stop 19.4

Home Depot, Inc. (HD US)

• Shares closed higher above the 50dEMA, with constructive volume over the past 4 days.
• MACD is positive, RSI is constructive.
• Long – Entry 298, Target 320, Stop 287

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HongKong Land USD (HKL SP)

• Shares closed higher slightly below the 50dEMA, with constructive volume over the past 2 days. 5dEMA just crossed the 20dEMA.
• MACD is positive, RSI is turning constructive.
• Long – Entry 4.40, Target 4.60, Stop 4.30

China Everbright Water Ltd. (CEWL SP)

• Shares closed higher above the 50dEMA.
• MACD just turned positive, RSI is constructive.
• Long – Entry 2.20, Target 2.40, Stop 2.10

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China Life Insurance Co. Ltd. (2628 HK)

• Shares rose higher with a surge in volume over the past 2 days. 20dEMA is about to cross the 50dEMA.
• MACD is positive, RSI is constructive.
• Long – Entry 14.0, Target 15.0, Stop 13.5

TCL Electronics Holdings Ltd. (1070 HK)

• Shares closed above the 200dEMA with constructive volume over the past 2 days.
• MACD is positive, RSI is constructive.
• Long – Entry 3.45, Target 3.70, Stop 3.35

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