Technical Analysis – 25 May 2022
United States | Singapore | Hong Kong
Grocery Outlet Holding Corp (GO US)
- Shares closed at a 52-week high with a jump in volume.
- Both MACD and RSI show strong upward momentum.
- Long – Entry 38.50, Target 42.25, Stop 36.6
National Beverage Corp (FIZZ US)
- Shares closed near the intraday high with decent volumes. The stock rebounded from the lower bound of the upward channel.
- RSI is constructive, while MACD shows weak momentum.
- Long – Entry 47.0, Target 51.5, Stop 44.8
Jardine Matheson Holdings Ltd (JM SP)
- Shares closed above the 5dMA and 60dMA yesterday, while 5dMA recently crossed the 20dMA.
- Both RSI and MACD are on an uptrend.
- Recommend to long at approximately $55.23, which is the support level of the strong consolidation base previously.
- Long – Entry 55.23, Target 57.78, Stop 54.01
Japfa Ltd (JAP SP)
- Shares closed above the 5dMA and touched the 60dMA yesterday.
- RSI rebounded from oversold levels and MACD just crossed the signal line recently.
- Long – Entry 0.580, Target 0.615, Stop 0.560
Standard Chartered PLC (2888 HK)
- Shares had been trading up with decent volumes.
- MACD and RSI are constructive.
- Long – Entry: 59.0 Target: 62.0, Stop: 57.5
SITC International Holdings Co Ltd (1193 HK)
- Shares closed near an intraday high with an increase in volume. The 5dEMA is about to cross the 50dEMA.
- MACD and RSI are constructive.
- Long – Entry: 28.0, Target: 30.0, Stop: 27.0
