Technical Analysis: 20 April 2022

United States | Singapore | Hong Kong

United States

Under Armour Inc (UA US)

Shares formed a bullish flag pattern and broke out yesterday.
RSI reversed from its downtrend while MACD is converging towards the signal line.
Long – Entry 15.05, Target 16.50, Stop 14.49

MGM Resorts International (MGM US)

Shares closed above the 5dMA yesterday.
5dMA crossed the 20dMA.
MACD crossed the signal line while RSI remains constructive.
Long – Entry 41.81, Target 44.37, Stop 40.32

SINGAPORE

Oxpay Financial Ltd (TVV SP)

Shares broke out the 50dEMA with a surge in volume and held up well. The 20dEMA is about to cross the 50dEMA.
Both MACD and RSI are constructive.
Long – Entry 0.200, Target 0.230, Stop 0.185

Metech International Ltd (V3M SP)

Shares formed a bullish flag pattern.
MACD is constructive, while RSI is at an overbought level.
Long – Entry 0.265, Target 0.295, Stop 0.250

HONG KONG

Yihai International Holding Ltd (1579 HK)

Shares closed at above the 20dEMA with a jump in volume. The stock has gone up for five consecutive trading days.
Both MACD and RSI are constructive.
Long – Entry: 23.0 Target: 26.5, Stop: 21.5

Jiangxi Copper Company Limited (358 HK)

Shares went up for three consecutive trading days with rising volumes.
Both MACD and RSI are constructive.
Long – Entry: 14.0, Target: 15.0, Stop: 13.5

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