Technical Analysis – 19 January 2023
United States | Singapore | Hong Kong
Spotify Technology SA (SPOT US)
- Shares closed at a high since October, above the 5dEMA with rising volumes.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 92.7 Target 94.7 Stop 91.7
Moderna Inc (MRNA US)
- Shares gapped-up and closed above the 5dEMA with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 183.0, Target 210.0, Stop 169.5
UOB Kay Hian (U10 SP)
- Shares closed higher today above the 200dEMA.
- MACD just turned positive, RSI is constructive.
- Long – Entry 1.40, Target 1.50, Stop 1.35
Sarine Tech (U77 SP)
- Shares closed higher today with a surge in volume.
- MACD is positive and RSI is is at an overbought level.
- Long – Entry 0.48, Target 0.51, Stop 0.46
Jiangxi Copper Co Ltd (358 HK)
- Shares closed at a high since April 2022 with an increase in volume.
- MACD is constructive, and RSI is at an overbought level.
- Long – Entry 13.1, Target 14.2, Stop 12.6
Galaxy Entertainment Group Ltd (27 HK)
- Shares formed a bullish engulfing candlestick with an increase in volume.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry: 54.65, Target: 58.65 Stop: 52.65
