Technical Analysis – 26 August 2022
United States | Singapore | Hong Kong
Freeport-McMoRan Inc (FCX US)
- Shares gapped up and closed at a two-month high with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 33.0, Target 36.0, Stop 31.5
Alcoa Corp (AA US)
- Shares closed above the 200dEMA. The 20dMEA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 56.0 Target 62.0, Stop 53.0
AEM Holdings Ltd (AWX SP)
- Shares formed a cup and handle pattern. The stock broke out of the consolidation with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 4.60, Target 4.75, Stop 4.53
UMS Holdings Limited (558 SP)
- Shares continued ist uptrend with decent volumes. The 50dEMA was about to cross the 200dEMA.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 1.33, Target 1.39, Stop 1.30
Hong Kong Exchanges and Clearing Limited (388 HK)
- Shares touched the support level and closed above 5dEMA.
- RSI rebounds from an oversold level, but MACD remains negative.
- Long – Entry: 328.0, Target: 341.8, Stop: 321.5
Aluminum Corporation of China Limited (2600 HK)
- Shares closed aboved the 50dEMA with an increase in volume. The 5dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 3.05, Target: 3.25 Stop: 2.95
