KGI Research Singapore

Singapore's leading broker offering Futures, FX, Equities and Wealth Management.

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

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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

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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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