Technical Analysis: 24 March 2022

United States | Singapore | Hong Kong

United States

Fortinet Inc (FTNT US)

Shares are on a healthy upward trend and closed above the 5dMA yesterday.
Both MACD and RSI are constructive.
Long – Entry 311.48, Target 350.99 Stop 293.76

Pinduoduo Inc (PDD US)

Shares have been trading along the 5dMA and 5dMA just crossed the 20dMA yesterday.
Both MACD and RSI are constructive.
Long – Entry 43.71, Target 55.15 Stop 37.02

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SINGAPORE

ISDN (ISDN SP)

Shares yesterday closed firmly above the 23.60% FIB of 0.625, which will likely be the new support going forward, thus limiting downside risk.
MACD and RSI are on a positive trend
Long – Entry 0.625, Target 0.700 Stop 0.600

UMS Holdings (UMSH SP)

Shares are once again at the key support level of 1.19, after recently bottoming at around 1.10.
MACD recently had a bullish crossover and RSI is on a positive trend.
Long – Entry 1.22, Target 1.34, Stop 1.15

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HONG KONG

Xinjiang Goldwind Science & Tech Co Ltd (2208 HK)

Shares has formed an island reversal and a bullish flag pattern.
Both MACD and RSI are on a positive uptrend.
Long – Entry: 12.0 Target: 13.0, Stop: 11.5

Kingsoft Corporation Limited (3888 HK)

Shares formed a bullish flag pattern.
Both MACD and RSI are constructive.
Long – Entry: 26.25, Target: 29.25, Stop: 24.75

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