Technical Analysis – 26 July 2022
United States | Singapore | Hong Kong
CF Industries Holdings, Inc (CF US)
- Shares closed above the 50dEMA with an increase in volume. The stock tested the 200dEMA and rebounded several times.
- Both MACD and RSI are constructive.
- Long – Entry 90.0, Target 100.0, Stop 85.0
Albemarle Corporation (ALB US)
- Shares formed a hammer candlestick pattern. The support from the 5dEMA was still intact.
- Both MACD and RSI are constructive.
- Long – Entry 226.5, Target 242.5 Stop 218.5
Jiutian Chemical (JIUC SP)
- Broke out of a declining channel formed since early June. Closed above the 8/21 day EMA with strengthening volume, indicates strong buying sentiment. Maintain tight stop loss in case of feigned breakout.
- RSI constructive.
- Long – Entry 0.091, Target 0.10, Stop 0.087
Acesian Partners (ACP SP)
- Breakout from consolidation channel since the middle of May. Closed above the 8/21 day EMA. Double bottom.
- RSI constructive.
- Long – Entry 0.051, Target 0.057, Stop 0.048
China Resources Beer (Holdings) Company Limited (291 HK)
- Share broke out of the 200dEMA with an increase in volume. The 5dEMA started to turn upward.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry: 54.5, Target: 59.0, Stop: 52.5
Tsingtao Brewery Company Limited (168 HK)
- Shares broke out of the consolidation channel with an increase in volume.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry: 76.5, Target: 81.6, Stop: 74.0
