KGI Research Singapore

Singapore's leading broker offering Futures, FX, Equities and Wealth Management.

Technical Analysis – 21 June 2022

United States | Singapore | Hong Kong

Nio Inc (NIO US)

  • Shares had been trending upward with rising volumes. The 20dEMA was about to cross above the 50dEMA. 
  • Both MACD and RSI are constructive. 
  • Long Entry 20.0, Target 23.9, Stop 18.1

Macy’s Inc (M US)

  • Shares were about to fill the gap. 
  • MACD is negative, and RSI shows downward momentum. 
  • Long Entry 19.20, Target 20.65, Stop 18.50

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UOL Group Ltd (UOL SP)

  • Shares formed a bullish engulfing pattern and closed above the 60dMA yesterday.
  • RSI reversed from its downtrend while MACD is lagging behind.
  • Long – Entry 7.12, Target 7.41, Stop 6.98

Unusual Ltd (UNU SP)

  • Shares closed above the 200dMA yesterday on higher-than-average trading volumes.
  • RSI has just entered the overbought territory and shares might experience some pullback while MACD is constructive.
  • Long – Entry 0.141, Target 0.154 Stop 0.135

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Longfor Group Holdings Ltd (960 HK)

  • Shares formed a bullish engulfing pattern with a jump in volume. 
  • MACD and RSI start to turn upward. 
  • Long – Entry: 33.5, Target: 35.8, Stop: 32.3

Greentown China Holdings Limited (3900 HK)

  • Shares broke out of the consolidation and closed near an intraday high witha jump in volume. 
  • Both MACD and RSI are constructive. 
  • Long – Entry: 14.8, Target: 16.5, Stop: 14.0

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