Technical Analysis: 21 April 2022

United States | Singapore | Hong Kong

United States

Shake Shack Inc (SHAK US)

5dMA is about to cross the 20dMA.
MACD just crossed the signal line while RSI has reversed from its downtrend.
Long – Entry 64.78, Target 71.18, Stop 60.36

Abercrombie & Fitch Company (ANF US)

Shares closed above the 5dMA yesterday.
5dMA crossed the 200dMA.
Both MACD and RSI are constructive, however, RSI is about to approach overbought levels.
Long – Entry 35.19, Target 38.25, Stop 33.42

SINGAPORE

Jiutian Chemical Group Limited (C8R SP)

Shares gapped up and closed at a 12-month high with a jump in volume.
MACD is constructive, but RSI is at an overbought level.
Long – Entry 0.100, Target 0.113, Stop 0.094

The Hour Glass Limited. (AGS SP)

Shares formed a bullish engulfing candlestick with a surge in volume.
RSI is constructive, but MACD shows weak momentum.
Long – Entry 2.35, Target 2.60, Stop 2.25

HONG KONG

Tongcheng Travel Holdings Ltd (780 HK)

Shares formed a bullish engulfing candlestick with an increase in volume.
Both MACD and RSI are constructive.
Long – Entry: 14.20 Target: 15.66, Stop: 13.50

Geely Automobile Holdings Limited (175 HK)

Shares edged up for three consecutive trading days with rising volumes. The stock held up well within the upward channel.
Both MACD and RSI are constructive.
Long – Entry: 12.0, Target: 13.5, Stop: 11.3

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