Technical Analysis – 24 May 2022
United States | Singapore | Hong Kong
Albemarle Corporation (ALB US)
- Shares formed an inverse head-and-shoulder pattern.
- Both MACD and RSI are constructive.
- Long – Entry 240, Target 263, Stop 228.5
SilverBow Resources Inc (SBOW US)
- Shares closed near the intraday high with a jump in volume. The 5dEMA is about to cross the 50dEMA.
- MACD starts to turn positive, and RSI starts to turn upward.
- Long – Entry 34.5, Target 38.0, Stop 32.7
Lendlease REIT (LL SP)
- Shares closed above the 5dMA yesterday and 5dMA touched the 20dMA.
- RSI is on an uptrend while MACD has crossed the signal line.
- Long – Entry 0.785, Target 0.825, Stop 0.765
Sembcorp Marine (SMM SP)
- Shares closed above the 5dMA yesterday and broke the previous resistance level.
- 5dMA is approaching the 60dMA and may crossover soon.
- RSI is on an uptrend while MACD has crossed the signal line.
- Long – Entry 0.098, Target 0.110, Stop 0.093
COSCO Shipping Holdings Co Ltd (1919 HK)
- Shares gapped up and closed near an intraday high with a jump in volume. The stock was trading above the 200dEMA since early April.
- MACD and RSI are constructive.
- Long – Entry: 13.1 Target: 14.5, Stop: 12.4
China Resources Gas Group Ltd (1193 HK)
- Shares had been trending upward with rising volumes.
- MACD and RSI are constructive.
- Long – Entry: 32.5, Target: 35.7, Stop: 31.0
