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
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
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