Technical Analysis – 2 June 2022
United States | Singapore | Hong Kong
Vale SA (VALE US)
- Shares had resumed an uptrend and held up well above the 5dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 18.0, Target 20.5, Stop 17.0
Academy Sports and Outdoors Inc (ASO US)
- Shares formed a bullish flag pattern.
- MACD starts to turn positive, while RSI shows no momentum.
- Long – Entry 33.5, Target 36.5, Stop 32.0
Hongkong Land Holdings Ltd (HKL SP)
- Shares closed above the 5dMA and 20dMA yesterday on higher-than-average trading volumes.
- Both RSI and MACD are constructive.
- Long – Entry 4.76, Target 5.08, Stop 4.59
Mermaid Maritime PCL (MMT SP)
- Shares closed above the 5dMA yesterday on higher-than-average trading volumes.
- Both RSI and MACD are constructive.
- Long – Entry 0.080, Target 0.086, Stop 0.077
Xtep International Holdings Limited (1368 HK)
- Shares had form a strong uptrend with a jump in volume.
- MACD and RSI are constructive.
- Long – Entry: 11.5 Target: 12.5, Stop: 11.0
SenseTime Group Inc (20 HK)
- Shares closed near an intraday high with a jump in volume. The 5dEMA was about to cross above the 50dEMA.
- MACD and RSI are constructive.
- Long – Entry: 5.3, Target: 6.0, Stop: 5.0