Technical Analysis: 25 April 2022
United States | Singapore | Hong Kong
United States
Micron Technology (MU US)
- Shares formed a double bottom and is trading around the key support level around $68.
- MACD is constructive while RSI is on a downward trend.
- Long – Entry 68.42, Target 76.24, Stop 64.32
Electronic Arts Inc (EA US)
- Shares closed above the 5dMA on Friday.
- 5dMA crossed the 20dMA.
- Both RSI and MACD are constructive.
- Long – Entry 124.72, Target 131.63, Stop 121.31
SINGAPORE
Yangzijiang (BS6 SP)
- Shares went ex-dividend on Friday 22nd April, and rose 21% on an adjusted basis.
- It may retest the prior highs set in 2010.
- Long – Entry 0.96, Target 1.06, Stop 0.92
Singtel (Z74 SP)
- Previous resistance of 2.60 has now turned support
- MACD about to form a bullish crossover
- Long – Entry 2.66, Target 2.86, Stop 2.56
HONG KONG
CGN Power Co Ltd (1816 HK)
- Shares formed a bullish engulfing candlestick with a surge in volume. The stock closed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 2.08 Target: 2.25, Stop: 2.08
Xinjiang Goldwind Science & Tech Co Ltd (2208 HK)
- Shares consolidate within an upward channel. The volume surged on the last two trading days.
- Both MACD and RSI are constructive.
- Long – Entry: 11.3, Target: 12.3, Stop: 10.8
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