Technical Analysis – 20 October 2022
United States | Singapore | Hong Kong
Kinder Morgan Inc (KMI US)
- Shares closed above the 200dEMA with rising volumes. The 5dEMA crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 17.50, Target 18.50, Stop 17.00
Occidental Petroleum Corporation (OXY US)
- Shares formed a bullish flag pattern.
- Both MACD and RSI are constructive.
- Long – Entry 68.0 Target 72.0, Stop 66.0
Wilmar International Limited (F34 SP)
- Shares formed a bullish engulfing pattern and closed at the 5dEMA level.
- MACD remains negative, and RSI is at an oversold level.
- Long – Entry 3.53, Target 3.65 Stop 3.47
Chip Eng Seng Corporation Ltd (C29 SP)
- Shares held up well above the 20dEMA with an increase in volume.
- RSI starts turning upward, while MACD remains negative.
- Long – Entry 0.715, Target 0.750 Stop 0.700
CGN New Energy Holdings Co Ltd (1811 HK)
- Shares closed above the 20dEMA with an increase in volume. The 5dEMA was about to cross the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 2.40, Target: 2.70, Stop: 2.25
CSSC Offshore & Marine Engineering (Group) Co. Ltd (317 HK)
- Shares formed a bullish engulfing pattern with an increase in volume. The 5dEMA was about to cross the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 6.75, Target: 7.35 Stop: 6.45
