Technical Analysis – 2 February 2023
United States | Singapore | Hong Kong
Coinbase Global Inc (COIN US)
- Shares closed at a high since November 2022 above the 5dEMA with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 63.0 Target 80.0 Stop 54.5
FedEx Corp (FDX US)
- Shares closed at a high since September 2022 above the 200dEMA with a rise in volume. The 5dEMA crossed the 200dEMA.
- RSI is constructive and MACD is positive.
- Long – Entry 198, Target 216, Stop 189
Banyan Tree Holdings (B58 SP)
- Shares closed at a high since Apr 2021.
- MACD just turned positive, RSI is constructive.
- Long – Entry 0.37, Target 0.39, Stop 0.36
First Resources Ltd. (EB5 SP)
- Shares closed at the 200dEMA with a surge in volume over the past 2 days.
- MACD is positive, RSI is constructive.
- Long – Entry 1.55, Target 1.70, Stop 1.48
COSCO SHIPPING Holdings Co Ltd (1919 HK)
- Shares closed at a high since December 2022 above the 50dEMA with an increase in volume. The 5dEMA is about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 8.5, Target 9.5, Stop 8.0
CITIC Securities Co Ltd (6030 HK)
- Shares closed above the 5dEMA with rising volumes.
- Both RSI and MACD are constructive
- Long – Entry: 18.50, Target: 20.00 Stop: 17.7
