Technical Analysis – 22 November 2022
United States | Singapore | Hong Kong
Cleveland-Cliffs Inc (CLF US)
- Shares formed a bullish engulfing pattern and closed above the 50dEMA with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 15.05, Target 16.45 Stop 14.35
Colgate-Palmolive Company (CL US)
- Shares closed above the 200dEMA with an increase in volume. The 20dEMA crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 76.4, Target 80.4, Stop 74.4
Genting Singapore Ltd (G13 SP)
- Shares trended upward and closed at a high since July with rising volumes.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 0.860, Target 0.900, Stop 0.845
Singapore Airlines Ltd (C6L SP)
- Shares have been trending upward since mid-October, and the 5dEMA provided strong support.
- Both MACD and RSI are constructive.
- Long – Entry 5.45, Target 5.58, Stop 5.39
Huaneng Power International Inc (902 HK)
- Shares trended upward and closed at a one-month high.
- Both MACD and RSI are constructive.
- Long – Entry 3.40, Target 3.70, Stop 3.25
HSBC Holdings PLC (5 HK)
- Shares consolidated above the 5dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 44.00, Target: 45.45 Stop: 43.25
