Technical Analysis – 22 March 2023
United States | Singapore | Hong Kong
eBay Inc. (EBAY US)
- Shares closed higher above the 20dEMA, with constructive volume over the past week, showing a head and shoulder pattern.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 43.5 Target 47.0 Stop 41.5
International Business Machines Corporation (IBM US)
- Share closed higher above the 5dEMA.
- MACD just turned positive,RSI is turning constructive.
- Long – Entry 126.5 Target 134.5 Stop 122.5
DBS Group Holdings Ltd (DBS SP)
- Shares rose and closed above the 5dEMA with high volume.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 32.65, Target 34.00, Stop 31.98
Riverstone Holdings Ltd (RSTON SP)
- Shares tested the 20dEMA and closed above the 5dEMA with an increase in volume.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 0.560, Target 0.605, Stop 0.538
Datang International Power Generation Co Ltd (991 HK)
- Shares closed above the 5dEMA with rising volume. The 5dEMA crossed the 20dEMA and the 50dEMA crossed the 200dEMA.
- RSI is constructive and MACD is positive.
- Long – Entry 1.40, Target 1.55, Stop 1.33
Want Want China Holdings Ltd (151 HK)
- Shares closed above the 5dEMA. The 5dEMA crossed the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 5.06, Target 5.40, Stop 4.89
