Technical Analysis – 24 June 2022
United States | Singapore | Hong Kong
Visa Inc (V US)
- Shares formed a triple-bottom pattern.
- Both MACD and RSU start to edge up.
- Long – Entry 195, Target 212, Stop 187
Datadog Inc (DDOG US)
- Shares formed a double-bottom pattern and closed above the 20dEMA with a jump in volume.
- MACD starts to turn positive, and RSI is constructive.
- Long – Entry 98, Target 110, Stop 92
Medtecs International Corp Ltd (MED SP)
- Shares closed above the 5dMA and 20dMA yesterday on higher-than-average trading volumes.
- RSI is forming a healthy uptrend while MACD is still lagging behind.
- Long – Entry 0.205, Target 0.225, Stop 0.194
Nio Inc (NIO SP)
- Shares closed above the 5dMA yesterday.
- RSI is approaching overbought levels and might experience some pullback.
- To long at the base of the fibonacci range.
- Long – Entry 22.12, Target 24.27, Stop 21.16
Smoore International Holdings Ltd (6969 HK)
- Shares formed cup and handle pattern. The stock broke out of the handle with a jump in volume.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry: 21.5, Target: 25.0, Stop: 19.8
Ming Yuan Cloud Group Holdings Limited (909 HK)
- Shares formed a bullish engulfing pattern with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 12.1, Target: 13.8, Stop: 11.3
