Technical Analysis – 19 October 2022
United States | Singapore | Hong Kong
Gap Inc (GPS US)
- Shares edged up and closed at a two-month high with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 10.0, Target 11.0, Stop 9.5
Royal Caribbean Cruises Ltd (RCL US)
- Shares gapped up and closed near an intraday high with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 47.5 Target 52.0, Stop 45.3
Riverstone Holdings Limited (AP4 SP)
- Shares closed above the 20dEMA and formed a doji pattern with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 0.590, Target 0.630 Stop 0.570
Yangzijiang Shipbuilding Holdings Ltd (BS6 SP)
- Shares formed a cup and handle pattern.
- MACD is about to turn negative, and RSI remains flat.
- Long – Entry 1.13, Target 1.25 Stop 1.07
Remegen Co Ltd (9995 HK)
- Shares closed at a one-and-a-half-month high with a jump in volume. The 5dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 43.0, Target: 50.0, Stop: 40.0
China Datang Corp Renewable Power Co Ltd (2359 HK)
- Shares closed at a one-month high with a jump in volume. The 5dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 2.10, Target: 2.25 Stop: 2.00
