Technical Analysis – 21 October 2022
United States | Singapore | Hong Kong
Pioneer Natural Resources Co (PXD US)
- Shares formed an inverted head-and-shoulder pattern.
- Both MACD and RSI are constructive.
- Long – Entry 250.0, Target 265.0, Stop 243.0
New Fortress Energy (NFE US)
- Shares closed above the 50dEMA with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 48.5 Target 52.5, Stop 46.5
Wilmar International Limited (F34 SP)
- Shares formed a bullish engulfing pattern and closed above the 5dEMA level.
- MACD remains negative, and RSI is at an oversold level.
- Long – Entry 3.55, Target 3.65 Stop 3.50
Japfa Ltd (UD2 SP)
- Shares formed a hammer pattern and closed above the 5dEMA with an increase in volume.
- MACD is about to turn positive, and RSI rebounds from an oversold level.
- Long – Entry 0.500, Target 0.530 Stop 0.490
China Oilfield Services Ltd (2883 HK)
- Shares formed a bullish engulfing pattern with an increase in volume. The 5dEMA was about to cross the 20dEMA.
- MACD is about to turn positive, and RSI is turning upward.
- Long – Entry: 7.95, Target: 8.35, Stop: 7.75
PetroChina Co Ltd (857 HK)
- Shares formed a bullish engulfing pattern with an increase in volume. The 5dEMA was about to cross the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 3.30, Target: 3.45 Stop: 3.25
