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
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
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
