KGI Research Singapore

Singapore's leading broker offering Futures, FX, Equities and Wealth Management.

Technical Analysis: 22 February 2022

United States | Singapore | Hong Kong

United States

Exxon Mobil Corporation (XOM US)

  • Shares closed above the 60dMA on Friday, which is a short-term support level.
  • Even though MACD and RSI are on a downtrend, WTI and Brent futures registered gains today, which will give a boost to share price of oil companies.
  • Long – Entry 77.36, Target 82.53, Stop 74.51

Walmart Inc (WMT US)

  • Shares closed above the 5dMA and at the 60dMA on Friday.
  • RSI and MACD are constructive.
  • Long – Entry 135.73, Target 141.98, Stop 132.69

SINGAPORE

Geo Energy (GERL SP)

  • The formation of the “cup and handle” chart pattern is a positive signal that may soon be followed by a potential breakout. 
  • Long – Entry 0.405, Target 0.480, Stop 0.370

Mapletree Logistics Trust (MLT SP)

  • Start of a potential uptrend as it forms higher highs and higher lows. 
  • MACD and RSI are on a positive uptrend
  • Long – Entry 1.78, Target 1.89, Stop 1.72

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HONG KONG

China Youran Dairy Group Ltd (9858 HK)

  • Shares formed a bullish flag pattern. 
  • Both MACD and RSI are constructive. 
  • Long – Entry: 4.45 Target: 4.75, Stop: 4.3

Uni-President China Holdings Ltd (220 HK)

  • Shares formed a bullish flag pattern with rising volumes.
  • MACD shows strong upward momentum while RSI is at an overbought level. 
  • Long – Entry: 8.35., Target: 9.05, Stop: 8.05

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