Technical Analysis: 22 April 2022
United States | Singapore | Hong Kong
United States
Gilead Sciences Inc (GIL US)
- Shares are forming a cup pattern and closed above the 5dMA yesterday.
- Both MACD and RSI are constructive.
- Long – Entry 62.34, Target 65.95, Stop 60.67
Tyson Foods Inc (TSN US)
- Shares are forming a cup pattern and closed above the 5dMA yesterday.
- MACD is constructive while RSI is currently at overbought levels.
- Long – Entry 96.22, Target 100.82, Stop 93.80
SINGAPORE
Singtel (Z74 SP)
- Forming higher highs and higher lows; uptrend supported by the 50d EMA (orange line).
- MACD is once again in the process of forming a bullish crossover.
- Long – Entry 2.66, Target 2.86, Stop 2.56
SATS (S58 SP)
- Shares have finally broken out after the “cup and handle” chart pattern.
- MACD has turned bullish.
- Long – Entry 4.46, Target 4.71, Stop 4.35
HONG KONG
Manulife Financial Corporation (945 HK)
- Shares are about to re-test the highs in February 2022 and May 2021. Given the positive momentum, the stock could reach a high in Jan 2018.
- Both MACD and RSI are constructive.
- Long – Entry: 160 Target: 172.5, Stop: 154
HSBC Holdings PLC (5 HK)
- Shares gapped up and closed near an intraday high with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 54.5, Target: 56.1, Stop: 53.8
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