Technical Analysis – 20 March 2023
United States | Singapore | Hong Kong
Adobe Inc. (ADBE US)
- Shares rose higher above the 50dEMA with constructive volume over the past 4 days.
- MACD just turned positive, RSI is constructive.
- Long – Entry 355 Target 385 Stop 340
Agnico Eagle Mines Ltd. (AEM US)
- Shares rose higher today above the 200dEMA, with a surge in volume.
- MACD is positive, RSI is constructive.
- Long – Entry 50.5 Target 55.0 Stop 48.0
UMS Holdings Ltd (UMSH SP)
- Shares formed an inverted hammer pattern and closed above the 5dEMA with an increase in volume.
- Both RSI and MACD are constructive.
- Long – Entry 0.105, Target 0.111, Stop 0.102
Thai Beverage PCL (THBEV SP)
- Shares tested the 20dEMA and closed above the 5dEMA with rising volume. The 50dEMA is about to cross the 200dEMA.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 0.635, Target 0.655, Stop 0.625
China Merchants Securities Co. Ltd. (6099 HK)
- Shares rose above the 5dEMA, with a surge in volume.
- MACD is about to turn positive, RSI is turning constructive.
- Long – Entry 7.55, Target 8.05, Stop 7.30
Cosco Shipping Ports Ltd. (1199 HK)
- Shares closed above the 200dEMA today, with a surge in volume.
- MACD is positive, RSI is constructive.
- Long – Entry 5.66, Target 6.16, Stop 5.41
