Technical Analysis – 22 June 2022
United States | Singapore | Hong Kong
JinkoSolar Holding Co., Ltd (JKS US)
- Shares gapped up and reversed the recent downtrend with an increase in volume. The 5dEMA was about to cross above the 20dEMA.
- MACD starts to turn upward, and RSI is constructive.
- Long – Entry 60.0, Target 65.0, Stop 57.5
Chewy Inc (CHWY US)
- Shares gapped up and closed above the 50dEMA with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 30.5, Target 35.5, Stop 28.0
Golden Energy & Resources Ltd (GER SP)
- Shares are well supported at the 200dMA.
- RSI rebounded from oversold levels while MACD is lagging.
- Long – Entry 0.500, Target 0.560, Stop 0.470
Cosco Shipping International Singapore Co Ltd (COS SP)
- Shares closed above the 5dMA yesterday.
- RSI rebounded from oversold levels while MACD is converging towards the signal line.
- Long – Entry 0.188, Target 0.210, Stop 0.176
Tongcheng Travel Holdings Limited (780 HK)
- Shares formed a hammer pattern and closed at a 4-month high.
- Both MACD and RSI are constructive.
- Long – Entry: 15.5, Target: 17.5, Stop: 14.5
Nayuki Holdings Ltd (2150 HK)
- Shares broke out of the consolidation and closed at a 4-month high with a jump in volume.
- MACD is constructive,while RSI is at an overbought level.
- Long – Entry: 6.7, Target: 8.0, Stop: 6.0
