Technical Analysis: 23 December 2021

United States | Singapore | Hong Kong

UNITED STATES

Expedia Group Inc (EXPE US)

Shares filled both gaps yesterday and closed above the previous resistance level
5dMA has crossed both 20dMA and 60dMA
RSI on as strong uptrend while MACD has crossed the signal line
To long at the previous resistance level and stop loss at the level before the gap down
Long – Entry 179.2, Target 192.1, Stop 172.4

Netflix Inc (NFLX US)

Shares enjoyed 3 days of gains and closed above the 5dMA yesterday
RSI is reversing from its downtrend while MACD has touched the signal line
To long at the 5dMA and stop loss at the previous support
Long – Entry 603.4, Target 632.9, Stop 586.8

SINGAPORE

Tianjin Zhongxin (TIAN SP)

Share price has formed a cup and handle formation
Bullish MACD crossover with higher-than-average trading volume. The A-share listed counterpart (600329) surged 20% MTD vs the SGX-listed stock which rose only 3% MTD.
Long – Entry 1.12, Target 1.20, Stop 1.08

Singtel (ST SP)

Shares declined 10% from the recent peak of 2.59 with both technical and moving averages indicating sell signals.
However, correction likely over as shares find support at the 23.60% FIB of 2.31.
Long – Entry 2.31, Target 2.41, Stop 2.26

HONG KONG

Baidu Inc (9888 HK)

Buying support around the previous low, thus forming a double bottom
Suggest entry at the higher bound of the support at 137.
Long – Entry: 137, Target: 145, Stop: 133

BYD Company (1211 HK)

Shares rebounded yesterday after touching the 61.80% FIB of 250 and as RSI indicated oversold conditions.
The 200d EMA long-term trend is still intact and we prefer to long after a slight pullback to 260.
Long – Entry: 260, Target: 280, Stop: 250

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