KGI Research Singapore

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

Technical Analysis – 23 November 2022

United States | Singapore | Hong Kong

Charles Schwab Corp (SCHW US)

  • Shares broke out of the bullish rectangle and closed at a high since April with an increase in volume. 
  • MACD starts turning positive, and RSI is constructive. 
  • Long Entry 81.0, Target 85.6 Stop 78.7

United States Steel Corporation (X US)

  • Shares closed at a two-month high with an increase in volume. The 20dEMA was about to cross above the 200dEMA.  
  • Both MACD and RSI are constructive. 
  • Long Entry 25.5, Target 28.3, Stop 24.1

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SembCorp Industries Limited (U96 SP)

  • Shares closed at a two-month high with a jump in volume. 
  • Both MACD and RSI are constructive.
  • Long – Entry 3.15, Target 3.32, Stop 3.07

Tianjin Pharmcetl Da Ren Tang Grp Cp Ltd (T14 SP)

  • Shares have been trending upward since mid-October and closed above the 200dEMA with an increase in volume. The 5dEMA crossed the 200dEMA. 
  • Both MACD and RSI are constructive.
  • Long – Entry 1.03, Target 1.10, Stop 0.995

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CSSC Offshore & Marine Engineering (Group) Co. Ltd (317 HK)

  • Shares trended upward and closed at a two-month high with a jump in volume. 
  • Both MACD and RSI are constructive.
  • Long – Entry 8.00, Target 8.50, Stop 7.75

China Petroleum & Chemical Corp (386 HK)

  • Shares broke out of the consolidation and closed at a two-month high with a jump in volume. 
  • Both MACD and RSI are constructive.
  • Long – Entry: 3.45, Target: 3.58 Stop: 3.39

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