Technical Analysis: 21 February 2022

United States | Singapore | Hong Kong

United States

US Market will be closed on 21 February 2022 for Washington’s Birthday.

SINGAPORE

SGX (SGX SP)

Shares are still on an uptrend momentum as it makes higher highs and higher lows
RSI still on a positive uptrend
Long – Entry 9.62, Target 10.12, Stop 9.62

Halcyon Agri (HACL SP)

Forming a cup and handle chart pattern, where we may see consolidation or a slight pullback before shares start to break out
While MACD is in a bullish pattern, RSI turning down from overbought levels indicate consolidation at current level before breaking out higher
Long – Entry 0.265, Target 0.295, Stop 0.245

HONG KONG

Ping An Insurance (Group) Company of China, Ltd. (2318 HK)

Shares have turned around and been trading within the upward channel. The stock retested the 200dEAM and closed above it.
Both MACD and RSI are constructive.
Long – Entry: 64 Target: 72, Stop: 60

China National Building Material Co Ltd (3323 HK)

Shares form a bullish flag pattern.
MACD and RSI remain constructive.
Long – Entry: 10.8, Target: 11.78, Stop: 10.3

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