Technical Analysis: 19 January 2022
United States | Singapore | Hong Kong
UNITED STATES
CF Industries Holdings Inc (CF US)
- Shares have formed an upward parallel channel with higher highs and higher lows.
- 5dMA seems like about to cross 20dMA.
- RSI ticked upwards yesterday, even though MACD is lagging behind. However, the base of the channel provides strong support as it is also the 60dMA level.
- Long – Entry 67.41, Target 74.75, Stop 64.46
Occidental Petroleum Corporation (OXY US)
- Shares closed above the 5dMA yesterday and also above the previous resistance level.
- Both RSI and MACD are on an upward trend.
- Long – Entry 35.40, Target 40.67, Stop 33.06
SINGAPORE
Keppel Corp (KEP SP)
- Shares have been trading within the a tight range of 5.04 and 5.60 over the past year
- MACD and RSI are both supportive of the recent positive momentum to the upper limit of the trading range.
- Long – Entry 5.29, Target 5.57, Stop 5.18
SIA (SIA SP)
- After bottoming out at 4.80 in December 2021, shares are now making higher highs and higher lows.
- MACD and RSI are both supportive of further upside.
- Long – Entry 5.05, Target 5.39, Stop 4.93
HONG KONG
Kunlun Energy Company Ltd (135 HK)
- Shares formed a bullish flag pattern.
- Both MACD and RSI are constructive.
- Long – Entry: 7.65, Target: 8.45, Stop: 7.25
Huatai Securities Co Ltd (6886 HK)
- Shares edged up with a surge in volume, and the upward channel is intact.
- MACD is about to turn positive, and RSI remains constructive.
- Long – Entry: 13, Target: 14, Stop: 12.5
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