Technical Analysis: 25 March 2022
United States | Singapore | Hong Kong
United States
Nvidia Corp (NVDA US)
- Shares broke the previous resistance level and closed above the 5dMA yesterday.
- Both MACD and RSI are constructive.
- Long – Entry 268.99, Target 303.36 Stop 250.35
Norwegian Cruise Line Holdings Ltd (NCLH US)
- Shares are currently consolidating at the previous support levels, a good entry point for accumulation.
- Both MACD and RSI are constructive.
- Long – Entry 19.32, Target 21.86 Stop 18.10
SINGAPORE
Uni-Asia Group (UAG SP)
- Shares are forming higher highs and higher lows. Recent buying on higher than average volume is positive of further upside momentum.
- MACD and RSI are supportive
- Long – Entry 1.30, Target 1.46 Stop 1.22
ComfortDelGro (CD SP)
- Shares are in the process of forming the “cup and handle” chart pattern which is bullish. Downside risk is limited to key support of 1.35.
- MACD and RSI are supportive of further upside momentum.
- Long – Entry 1.48, Target 1.62, Stop 1.41
HONG KONG
Uni-President China Holdings Ltd (220 HK)
- Shares formed a bullish engulfing candlestick with a jump in volume.
- Both MACD and RSI show positive upward momentum.
- Long – Entry: 7.05 Target: 7.45, Stop: 6.85
Nexteer Automotive Group Ltd (1316 HK)
- Shares formed edged up for three consecutive days, and the volume jumped yesterday.
- Both MACD and RSI show an early sign of a turnaround.
- Long – Entry: 5.20, Target: 5.9, Stop: 4.85
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