Technical Analysis: 25 November 2021
United States | Singapore | Hong Kong
UNITED STATES
US Markets will be closed today in observation of the Thanksgiving Holiday
SINGAPORE
ISDN (ISDN SP)
- Shares corrected from the recent strong rally with a surge in volume as it was overbought based on RSI
- Both MACD and RSI remain positive
- 0.382 and 0.5 Fibonacci are the next two support levels (S$0.69 and S$0.72).
- Long – Entry 0.72, Target 0.785, Stop 0.685
Keppel Corp (KEP SP)
- Shares is turning around from the downtrend.
- Both MACD and RSI are constructive, showing upward momentum.
- It is poised to fill the gap if the uptrend continues.
- Long – Entry 5.35, Target 5.48, Stop 5.30
HONG KONG
Sands China Ltd (1928 HK)
- Shares had been slowly edging up. And it was trading at above 5dEMA for most of the trading days after bottoming out in late September.
- The 5dEMA managed to cross the 20dEMA, and it is about to cross the 60dEMA.
- MACD and RSI had been constructive for two months, implying a consistent recovery.
- Long – Entry: 20.5, Target: 24.8, Stop: 19
CRRC Corporation Limited (1766 HK)
- Shares has been turning around after retesting the 200dEMA levels.
- It has surpassed the highs in October and is poised to retest to highs in September
- MACD and RSI were constructive, showing strong upward momentum.
- Long – Entry: 3.73, Target: 3.9, Stop: 3.65
Related Posts: