Technical Analysis – 2 March 2023
United States | Singapore | Hong Kong
Alcoa Corp (AA US)
- Shares gapped up and rose above the 200dEMA with an increase in volume. The 5dEMA crossed the 50dEMA and 20dEMA.
- RSI is constructive and MACD is positive.
- Long – Entry 51.4 Target 55.4 Stop 49.4
Enphase Energy Inc (ENPH US)
- Shares closed above the 5dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 212.50, Target 232.00, Stop 202.75
UOL Group Ltd. (UOL SP)
- Shares closed higher above the 200dEMA today, with constructive volume over the past week.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 6.91, Target 7.10, Stop 6.80
First Resources Ltd. (FR SP)
- Shares closed above the 200dEMA today with a surge in volume following the company’s earnings.
- MACD is positive, RSI is constructive.
- Long – Entry 1.62, Target 1.70, Stop 1.58
SenseTime Group Inc (20 HK)
- Shares closed above the 20dEMA with a jump in volume. The 5dEMA crossed the 20dEMA.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 2.60, Target 3.10, Stop 2.35
Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd (874 HK)
- Shares gapped up and closed at a high since December 2022 above the 5dEMA with a rise in volume.
- Both RSI and MACD are constructive.
- Long – Entry: 23.6, Target 25.2 Stop: 22.8
