Technical Analysis: 23 March 2022
United States | Singapore | Hong Kong
United States
Wells Fargo & Company (WFC US)
- Shares are on a healthy uptrend and closed above the 60dMA yesterday.
- Both RSI and MACD are constructive.
- Long – Entry 51.85, Target 55.55 Stop 50.11
Crowdstrike Holdings Inc (CRWD US)
- Shares broke the previous resistance level (~US$213) and closed above the 5dMA yesterday.
- Both RSI and MACD are constructive.
- Long – Entry 204.24, Target 236.70 Stop 188.94
SINGAPORE
Singtel (ST SP)
- Positive long-term technical trend with current consolidation a precursor to potential breakout above 2.60
- MACD recently formed a bullish crossover
- Long – Entry 2.59, Target 2.87 Stop 2.45
Wilmar (WIL SP)
- Shares finally broke the key resistance of 4.76 and firmly closed above it yesterday.
- MACD recently had a bullish crossover while RSI is turning upward.
- Long – Entry 4.82, Target 5.24, Stop 4.62
HONG KONG
Weichai Power Co., Ltd. (2338 HK)
- Shares formed a bullish engulfing candlestick with an increase in volume.
- Both MACD and RSI are on a positive uptrend.
- Long – Entry: 12.5 Target: 13.3, Stop: 12.1
Trip.com Group Ltd (9961 HK)
- Shares formed a bullish flag pattern with a decent volume.
- MACD is about to form a bullish crossover with RSI recently bottoming out from oversold levels.
- Long – Entry: 185, Target: 203, Stop: 176
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