Technical Analysis – 23 August 2022
United States | Singapore | Hong Kong
CNX Resources Corp (CNX US)
- Shares closed above the 50dEMA with an increase in volume. The 5dEMA crossed above the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 17.8, Target 19.5, Stop 17.0
Range Resources Corp (RRC US)
- Shares closed at a two-month high with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 34.8 Target 37.5, Stop 33.5
DBS Group Holdings Ltd (D05 SP)
- Shares formed a cup and handle pattern and broke out of the handle with a jump in volume.
- RSI is constructive, but MACD remains negative.
- Long – Entry 32.5, Target 33.5, Stop 32.0
United Overseas Bank Ltd (U11 SP)
- Share formed a bullish engulfing pattern with an increase in volume.
- MACD is about to turn positive, and RSI is turning upward.
- Long – Entry 2.80, Target 2.96, Stop 2.72
China Datang Corp Renewable Power Co Ltd (1798 HK)
- Shares had been up for consecutive 7 trading days with rising volumes.
- Both MACD and RSI are constructive.
- Long – Entry: 2.20, Target: 2.50, Stop: 2.05
Xtep International Holdings Limited (1368 HK)
- Shares rebounded from the 200dEMA and broke out of the consolidation with an increase in volume. The 5dMEA crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 13.2, Target: 14.5 Stop: 12.5
