Technical Analysis – 24 November 2022
United States | Singapore | Hong Kong
Charles Schwab Corp (SCHW US)
- Shares broke out of the bullish rectangle and closed at a high since April with an increase in volume.
- MACD starts turning positive, and RSI is constructive.
- Long – Entry 81.0, Target 85.6 Stop 78.7
United States Steel Corporation (X US)
- Shares closed at a two-month high with an increase in volume. The 20dEMA was about to cross above the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 25.5, Target 28.3, Stop 24.1
iFAST Corporation Ltd (AIY SP)
- Shares gapped up and closed at a high since April above the 200dEMA with a jump in volume.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 4.9, Target 5.30, Stop 4.70
ISDN Holdings Ltd (I07 SP)
- Shares closed the 5dEMA and 20dEMA with an increase in volume. The stock formed a bullish engulfing pattern.
- Both MACD and RSI are constructive.
- Long – Entry 0.385, Target 0.425, Stop 0.365
China State Construction International Holdings (3331 HK)
- Shares closed at a high since September with an increase in volume. The 5dEMA crossed above the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 8.50, Target 9.10, Stop 8.20
CGN Power Co Ltd (1816 HK)
- Shares closed at a high since mid-September with an increase in volume. The 5dEMA crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 1.78, Target: 1.92 Stop: 1.71
