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
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
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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