Technical Analysis: 21 December 2021
United States | Singapore | Hong Kong
UNITED STATES
Home Depot Inc (HD US)
- Shares touched and rebounded the 60dMA yesterday
- Shares formed a double-bottom (around US$380.9) and are short-term supported at this level before the gap up from the consolidation range
- RSI ticked slightly above yesterday even though MACD remains laggard
- To long at the 60dMA and stop loss below the consolidation range
- Long – Entry 380.9, Target 416.7, Stop 365.6
McDonalds Corporation (MCD US)
- Shares touched and rebounded from the 20dMA yesterday
- RSI relatively flat while MACD is staying above the signal line
- To long at the 20dMA and stop loss at the gap up level (around US$252.3)
- Long – Entry 258.4, Target 266.9, Stop 252.3
SINGAPORE
Riverstone (RSTON SP)
- Shares have now clawed back losses to key 0.69 support level, which is also the 20d EMA.
- MACD and RSI on positive uptrend.
- Long – Entry 0.69, Target 0.77, Stop 0.66
Ascendas REIT (AREIT SP)
- Shares has entered the 12-month accumulation zone of between 2.88 and 2.94
- MACD is about to form a bullish crossover.
- Long – Entry 2.89, Target 3.12, Stop 2.85
HONG KONG
Hua Hong Semiconductor (1347 HK)
- Shares has entered the 12-months accumulation zone of 38.25-40.5
- RSI is oversold and due for a rebound.
- Long – Entry: 40, Target: 46, Stop: 37
Want-Want China (151 HK)
- Strong uptrend following the 20d EMA. Recommended entry near the 20d EMA at 6.80.
- Long – Entry: 6.8, Target: 7.5, Stop: 6.48
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