Technical Analysis: 22 December 2021

United States | Singapore | Hong Kong

UNITED STATES

Boeing Company (BA US)

Shares rebounded from a mini double-bottom and closed above the 5dMA yesterday
RSI ticked sharply above yesterday while MACD is converging towards the signal line and seems like about to crossover soon
To long at the 5dMA and stop loss below the double-bottom level
Long – Entry 194.3, Target 212.9, Stop 185.4

Unity Software Inc (U US)

Shares closed above the 5dMA yesterday
Shares are strongly supported at the 200dMA
RSI is reversing from its downtrend while MACD is converging towards the signal line and seems like about to crossover soon
To long at the 5dMA and stop loss at the 200dMA
Long – Entry 140.3, Target 157.6, Stop 132.9

SINGAPORE

The Hour Glass (HG SP)

Shares are finding support at the confluence between 50d EMA and 78.60% Fib of 1.96.
Long – Entry 1.96, Target 2.16, Stop 1.89

Ascendas REIT (AREIT SP)

Shares have entered the 12-month accumulation zone of between 2.88 and 2.94
MACD is about to form a bullish crossover.
Long – Entry 2.89, Target 3.12, Stop 2.85

HONG KONG

JD.COM (9618 HK)

Shares have entered the 12-months accumulation zone of 260-275
RSI is oversold and due for a rebound.
Long – Entry: 270, Target: 305, Stop: 252

Anhui Conch Cement (914 HK)

Shares were well supported at around 36, basically forming a double bottom for the year.
Uptrend may finally be forming after the MACD bullish crossover at the start of Dec.
Long – Entry: 38.80, Target: 42.5, Stop: 36.9

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