Technical Analysis – 19 August 2022
United States | Singapore | Hong Kong
Calix Inc (CALX US)
- Shares formed a cup and handle pattern.
- RSI is constructive, while MACD is negative.
- Long – Entry 58.0, Target 63.5, Stop 55.5
Kroger Co (KR US)
- Shares broke out of the consolidation with rising volumes. The 5dEMA crossed above the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 49.50 Target 53.35, Stop 47.10
iFAST Corporation Ltd (AIY SP)
- Shares jumped with a surge in volume. The 5dEMA crossed above the 50dEMA.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 4.60, Target 5.25, Stop 4.30
China Sunsine Chemical Holdings Ltd (QES SP)
- Share jumped with a surge in volume.
- Both MACD and RSI are constructive.
- Long – Entry 0.485, Target 0.510, Stop 0.475
China Resources Beer Holdings Co Ltd (291 HK)
- Shares gapped up and formed a doji pattern with a jump in volume. The stock broke out of the consolidation.
- MACD starts to turn positive, and RSI is constructive.
- Long – Entry: 58.5, Target: 62.8, Stop: 56.5
China Longyuan Power Group Corp Ltd (916 HK)
- Shares bottomed out with rising volumes and formed a doji pattern. The 5dEMA crossed above the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 13.0, Target: 14.7 Stop: 12.3
