KGI Research Singapore

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

Technical Analysis: 22 March 2022

United States | Singapore | Hong Kong

United States

Apple Inc (AAPL US)

  • Shares are on a healthy uptrend and have been trading along the 5dMA.
  • 5dMA crossed the 20dMA yesterday.
  • RSI is constructive while MACD has crossed the signal line recently.
  • Long – Entry 161.98, Target 169.06 Stop 158.21

Bank of America Corp (BAC US)

  • Shares formed 2 layers of island reversal pattern and closed the gap.
  • Shares have been trading along the 5dMA.
  • Both RSI and MACD are constructive.
  • Long – Entry 42.52, Target 45.02 Stop 41.40

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SINGAPORE

Frencken Group (FRKN SP)

  • Shares have broken the downward trendline and may portend the start of a new uptrend. 
  • Both MACD and RSI are on a positive uptrend. 
  • Long – Entry 1.66, Target 1.88 Stop 1.54

OxPay Financial (OPFL SP)

  • Buying momentum on higher than average trading volumes
  • MACD recently had a bullish crossover
  • Long – Entry 0.189, Target 0.225, Stop 0.170

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HONG KONG

Xinyi Energy Holdings (3868 HK)

  • Shares gapped up yesterday on high volume, which is bullish. 
  • Both MACD and RSI are both on a positive uptrend. 
  • Long – Entry: 4.45 Target: 4.89, Stop: 4.23

Kunlun Energy Company (135 HK)

  • Shares have reversed all the losses from the sell-off last week and are now at the key support levels. 
  • MACD is about to form a bullish crossover with RSI recently bottoming out from oversold levels. 
  • Long – Entry: 6.70, Target: 7.34, Stop: 6.32

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