Technical Analysis – 20 May 2022
United States | Singapore | Hong Kong
Bloom Energy Corp (BE US)
- Shares formed a bullish engulfing pattern with an increase in volume.
- MACD starts to turn positive, and RSI starts to turn upward.
- Long – Entry 15.0, Target 18.0, Stop 13.5
Upstart Holdings Inc (UPST US)
- Shares have been up for six consecutive trading days with rising volumes.
- Both MACD and RSI start to turn upward.
- Long – Entry 50.0, Target 60.75, Stop 45.0
Jiutian Chemical (JIUC SP)
- Shares closed at a 52-week high with a jump in volume and broke out the upward channel.
- MACD and RSI are constructive.
- Long – Entry 0.105, Target 0.115, Stop 0.100
Golden Energy and Resources (GER SP)
- Shares continued to trade on the uptrend and were about to test the all-time high.
- MACD shows strong momentum, and RSI is at an overbought level.
- Long – Entry 0.73, Target 0.83, Stop 0.68
Xinjiang Goldwind Science & Tech Co Ltd (2208 HK)
- Shares closed above the 50dEMA with a jump in volume.
- MACD and RSI are constructive.
- Long – Entry: 12 Target: 13, Stop: 11
China Vanke Co Ltd (2202 HK)
- Shares formed a bullish flag pattern and saw an increase in volume.
- MACD is about to turn positive, while RSI is still flat.
- Long – Entry: 18.3, Target: 19.3, Stop: 17.8
