KGI Research Singapore

Singapore's leading broker offering Futures, FX, Equities and Wealth Management.

Technical Analysis: 23 February 2022

United States | Singapore | Hong Kong

United States

Vale S.A. (VALE US)

  • Shares closed above the 5dMA yesterday.
  • RSI is constructive while MACD might turnaround soon.
  • Long – Entry 16.69, Target 18.17, Stop 15.91

Campbell Soup Company (CPB US)

  • Shares closed above the 5dMA yesterday.
  • 5dMA has crossed the 20dMA and 200dMA recently.
  • RSI and MACD are constructive.
  • Long – Entry 44.07, Target 46.04, Stop 43.11

SINGAPORE

Wilmar International (WIL SP)

  • Shares are pulling back after RSI reached overbought levels
  • Key support at the 61.8% Fib of 4.58
  • Long – Entry 4.60, Target 5.03, Stop 4.39

ThaiBev (THBEV SP)

  • Shares held up well with higher-than-average buying volume yesterday 
  • MACD and RSI remain on a positive uptrend
  • Long – Entry 0.695, Target 0.765, Stop 0.665

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HONG KONG

 China Molybdenum Co., Ltd. (3993 HK)

  • Shares broke out from the cup and handle pattern with a surge in volume. 
  • Both MACD and RSI are constructive. 
  • Long – Entry: 4.80 Target: 5.50, Stop: 4.45

China Hongqiao Group Ltd (1378 HK)

  • Shares are forming a cup pattern. The stock edged up with rising volumes.  
  • MACD shows strong upward momentum while RSI is at an overbought level. 
  • Long – Entry: 10.75., Target: 11.75, Stop: 10.25

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