Technical Analysis – 20 June 2022
United States | Singapore | Hong Kong
Boeing Co (BA US)
- Shares formed an island reversal pattern with a jump in volume. The stock was poised to form a bullish flag pattern.
- MACD starts to turn positive, while RSI remains flat.
- Long – Entry 130, Target 145, Stop 124
ForgeRock Inc (FORG US)
- Shares formed an inverse head-and-shoulder pattern. The stock edged up with an increase in volume amidst the market sell-off.
- MACD is about to turn positive, while RSI is still flat.
- Long – Entry 18, Target 20, Stop 17
Hongkong Land Holdings Limited (H78 SP)
- Shares reversed the down trend with a surge in volume.
- RSI starts to turn upward, while MACD remains negative.
- Long – Entry 4.80, Target 5.20, Stop 4.60
MM2 Asia Ltd (1B0 SP)
- Shares resumed an uptrend. The stock is about to form the right shoulder of the head-and-shoulder patter.
- Both MACD and RSI are constructive.
- Long – Entry 0.59, Target 0.65 Stop 0.56
China Power International Development Limited (2380 HK)
- Shares formed a bullish flag patten with rising volumes.
- Both MACD and RSI are constructive.
- Long – Entry: 4.65, Target: 5.10, Stop: 4.40
Xinte Energy Co Ltd (1799 HK)
- Shares closed at a severn-month high with a jump in volume. The stock is poised to form a cup pattern.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry: 23.25, Target: 25.95, Stop: 22.00
