Technical Analysis – 25 July 2022
United States | Singapore | Hong Kong
Philip Morris International Inc (PM US)
- Shares formed a double-bottom pattern and resumed an uptrend with rising volumes. The stock closed above the 20dEMA, and the 5dEMA started to turn upward.
- MACD starts to turn positive, and RSI is constructive.
- Long – Entry 95.0, Target 100.0, Stop 92.5
eBay Inc (EBAY US)
- Shares closed at a one-month high with an increase in volume. The 5dEMA just crossd above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 46.0, Target 49.0 Stop 44.5
AEM (AEM SP)
- An ascending triangle began forming in mid-July, marking a reversal from a previous sell-off. Last Friday saw strong buying with considerable volume, with the closing price above 8/21 day EMA. Risk-reward appears positively biassed.
- RSI constructive.
- Long – Entry 4.19, Target 4.61, Stop 3.98
Global Invacom (RAD SP)
- Triangle indicates a reversal of trend with Friday’s bullish candle and close above the 8/21 day EMA indicating that the coming reversal is likely a positive one. Maintain a tight stop loss.
- RSI constructive.
- Long – Entry 0.079, Target 0.087, Stop 0.075
Tongcheng Travel Holdings Limited (780 HK)
- Shares retested the 200dEMA and rebounded. The stock closed at an intraday high with an increase in volume.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry: 16.0, Target: 17.5, Stop: 15.2
Nexteer Automotive Group Ltd (1316 HK)
- Shares broke out of the upward channel but recovered with an increase in volume.
- RSI is constructive, but MACS remains negative.
- Long – Entry: 5.50, Target: 6.35, Stop: 5.00
