Technical Analysis – 24 May 2023
United States | Singapore | Hong Kong
Moderna Inc (MRNA US)

- Stock rose and closed above the 20dEMA with a surge in volume. The 5dEMA is about to cross the 20dEMA.
- RSI is constructive and MACD is positive.
- Long – Entry 132, Target 156, Stop 120

Albemarle Corporation (ALB US)

- Shares closed above the 5dEMA with an increase in volume. The 5dEMA crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 211.0, Target 230.0, Stop 201.5

Propnex Ltd (PROP SP)

- Shares closed above the 5dEMA with an increase in volume. The 5dEMA crossed the 20dEMA.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 1.05, Target 1.12, Stop 1.01

Medtecs International Corp Ltd (MED SP)

- Shares closed above the 20dEMA with rising volume. The 5dEMA crossed the 50dEMA.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 0.158, Target 0.172, Stop 0.151

WuXi AppTec Co., Ltd. (2359 HK)

- Shares closed at a two-week high and above the 5dEMA with an increase in volumes.
- Both RSI and MACD are constructive.
- Long – Entry 70.5, Target 78.0, Stop 66.5

Standard Chartered PLC (2888 HK)

- Shares gapped up and closed at a one-month high with an increase in volumes.
- Both MACD and RSI are constructive.
- Long – Entry 63.5, Target 65.1, Stop 62.7

