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
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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