Technical Analysis: 2 December 2021
United States | Singapore | Hong Kong
UNITED STATES
Applied Materials Inc (AMAT US)
- 5dMA crossed the 20dMA on Monday; Shares rebounded after touching the 5dMA yesterday
- RSI on an uptrend even though MACD reminds laggard
- To long at 20dMA and stop loss at 60dMA.
- Long – Entry 148.8, Target 159.0, Stop 142.6
Procter & Gamble Company (PG US)
- On Tuesday, shares touched the 60dMA and rebounded
- To long at 60dMA and stop loss before shares gapped down previously
- RSI shows a sharp rebound yesterday
- Long – Entry 144.3, Target 149.8, Stop 142.3
SINGAPORE
Singtel (ST SP)
- RSI indicates oversold conditions, while shares are now within the 1-year accumulation band.
- Long – Entry 2.40, Target 2.60, Stop 2.30
ISDN (ISDN SP)
- Shares formed a bullish engulfing pattern yesterday, indicative of bullish sentiment.
- Shares rebounded from the 20d EMA on two days of consecutive increasing average trading volume, another positive signal.
- Long – Entry 0.735, Target 0.775, Stop 0.70
HONG KONG
Weichai Power Co Ltd (2338 HK)
- Shares jumped for 2 trading days in a row with a surge in volume.
- It will potentially form a cup and handle pattern.
- Both MACD and RSI are showing strong momentum
- Long – Entry: 14.8, Target: 16.5, Stop: 14
Trip.com Group Ltd (9961 HK)
- Shares recently retested the lower bound of the trading range and rebounded
- RSI showed it was oversold. MACD showed weak momentum.
- Long – Entry: 210, Target: 200, Stop: 230
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