Technical Analysis – 19 July 2022
United States | Singapore | Hong Kong
AMC Entertainment Holdings Inc (AMC US)
- Shares closed at a three-month high with a jump in volume. The stock held up well above the 5dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 16.0, Target 18.9, Stop 14.6
Norwegian Cruise Line Holdings Ltd (NCLH US)
- Shares closed above the 20dEMA with an increase in volume for the first time since April. The 5dEMA was about to cross the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 12.10, Target 13.25, Stop 11.55
Geo Energy Resources (GERL SP)
- Surged after a double bottom. Last close was above the 8/21 day EMAs indicating strong buying sentiment.
- RSI constructive.
- Long – Entry 0.395, Target 0.445, Stop 0.370
COSCO Shipping SG (COS SP)
- Convincing breakout above consolidation since the start of July. Closed above 8/21 day EMA indicating strong buying sentiment.
- RSI constructive.
- Long – Entry 0.192, Target 0.211, Stop 0.184
AIA Group Ltd (1299 HK)
- Shares touched the 50d EMA and rebounded with an increase in volume. The stock held up well within the upward channel.
- RSI starts to turn upward, while MACD remains negative.
- Long – Entry: 83.5, Target: 86.6, Stop: 82.0
COSCO SHIPPING Holdings Co Ltd (1919 HK)
- Shares closed above the 20d EMA with an increase in volume. The 5d EMA was about to cross the 20d EMA.
- Both MACD and RSI are constructive.
- Long – Entry: 11.6, Target: 12.2, Stop: 11.3
