Technical Analysis: 21 March 2022
United States | Singapore | Hong Kong
United States
Home Depot (HD US)
- Shares are forming higher highs and higher lows after bottoming out at 300 in late Feb.
- Both MACD and RSI are constructive.
- Long – Entry 340, Target 368, Stop 327
Crowdstrike Holdings (CRWD US)
- Shares are rising on higher than average trading volumes
- Both MACD and RSI are constructive.
- Long – Entry 208, Target 252, Stop 186
SINGAPORE
AEM (AEM SP)
- Shares managed to close above the 200d EMA of 4.38 last Friday, which is a positive signal. Shares are also forming higher highs and higher lows after bottoming out at around 4.0 in early March.
- Both MACD and RSI are on a positive uptrend.
- Long – Entry 4.40, Target 4.73 Stop 4.23
UOL (UOL SP)
- Double bottom recently at around 6.77
- MACD recently had a bullish crossover while RSI remains on a positive trend
- Long – Entry 6.96, Target 7.34, Stop 6.77
HONG KONG
Yankuang Energy Group Co Ltd (1171 HK)
- Shares went back up within the upward channel. The stock closed at above the 20dEMA with a jump in volume.
- MACD starts to turn around, and RSI shows a V-shape rebound.
- Long – Entry: 20.5 Target: 22.7, Stop: 19.4
China Modern Dairy Holdings Ltd (1117 HK)
- Shares formed a bullish engulfing candlestick with a surge in volume.
- MACD starts to turn around, but RSI shows a V-shape rebound from an oversold level.
- Long – Entry: 1.27, Target: 1.42, Stop: 1.20
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