Technical Analysis: 20 January 2022
United States | Singapore | Hong Kong
UNITED STATES
Take-Two Interactive Software Inc (TTWO US)
- Shares have been trading on higher-than-average volumes and closed above the 5dMA yesterday.
- RSI on an upward momentum, even though MACD is lagging behind.
- Long – Entry 157.23, Target 175.83, Stop 148.83
Pinduoduo Inc (PDD US)
- 5dMA crossed the 20dMA recently and shares closed above the 5dMA yesterday.
- Both RSI and MACD are on an upward trend.
- Long – Entry 61.67, Target 75.00, Stop 53.80
SINGAPORE
Sembcorp Industries (SCI SP)
- Forming a cup and handle pattern, which is bullish
- MACD is supportive of the recent positive momentum, while RSI is near overbought levels and may indicate a slight correction to complete the cup and handle pattern.
- Long – Entry 2.19, Target 2.30, Stop 2.10
Rex International (REXI SP)
- Forming a cup and handle pattern, which is bullish
- MACD is supportive of further upside, while RSI is turning down and may portend consolidation in the near term before breaking out.
- Long – Entry 0.340, Target 0.380, Stop 0.320
HONG KONG
Xinyi Glass Holdings Ltd (868 HK)
- Shares have broken out the downward channel. Yesterday it jumped with a surge in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 20.05, Target: 22.2, Stop: 19.0
China Resources Land Limited (1109 HK)
- Shares formed a bullish flag pattern and jumped with a surge volume.
- MACD and RSI are constructive.
- Long – Entry: 37.8, Target: 40.8, Stop: 36.3
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