Technical Analysis – 22 August 2022
United States | Singapore | Hong Kong
Foot Locker, Inc (FL US)
- Shares formed an island reversal pattern with a surge in volume.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 35.0, Target 40.0, Stop 32.5
Hasbro, Inc (HAS US)
- Shares closed at a one-month high with a jump in volume. The 5dEAM crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 83.5 Target 87.5, Stop 81.5
Bumitama Agri Ltd (P82 SP)
- Shares edged up and held up well within the upward channel. The 5dEMA crossed above the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 0.645, Target 0.680, Stop 0.630
DFI Retail Group Holdings Ltd (D01 SP)
- Share broke out of the consolidation and closed above the 20dMEA with an increase in volume. The 5dEMA was about to cross the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 2.80, Target 2.96, Stop 2.72
China Resources Power Holdings Co Ltd (836 HK)
- Shares closed above the 200dEMA with a jump in volume. The 5dEMA was about to cross the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 16.0, Target: 17.4, Stop: 15.3
CGN New Energy Holdings Co Ltd (1811 HK)
- Shares closed above the 50dEMA with an increase in volume. The 5dEMA crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 3.25, Target: 3.75 Stop: 3.00
