Technical Analysis – 23 June 2022
United States | Singapore | Hong Kong
Lithium Americas Corp (LAC US)
- Shares formed a double-bottom pattern.
- MACD starts to turn upward, but RSI shows no momentum.
- Long – Entry 20.0, Target 19.0, Stop 22.5
Nu Holdings Ltd (NU US)
- Shares formed a double-bottom pattern and edged up with an increase in volume.
- MACD shows an early sign of a turnaround, and RSI remains flat.
- Long – Entry 3.80, Target 4.35, Stop 3.53
Bumitama Agri Ltd (BAL SP)
- Shares are well supported at the 200dMA level.
- RSI rebounded from oversold levels while MACD is still lagging.
- Long – Entry 0.655, Target 0.725, Stop 0.615
Mapletree Commercial Trust (MCT SP)
- Shares closed above the 5dMA and 20dMA yesterday.
- RSI rebounded from its downtrend while MACD crossed the signal line.
- Long – Entry 1.79, Target 1.87, Stop 1.75
Geely Automobile Holdings Ltd (175 HK)
- Shares closed at a three-month-plus high with a jump in volume.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry: 15.5, Target: 17.2, Stop: 14.7
China Medical System Holdings (867 HK)
- Shares closed at a 2-month high with a jump in volume. The stock was on the track of turning around.
- Both MACD and RSI are constructive.
- Long – Entry: 11.9, Target: 12.7, Stop: 11.5
