Technical Analysis – 26 May 2022
United States | Singapore | Hong Kong
Lockheed Martin Corporation (LMT US)
- Shares were forming the right hand shoulder of a head-and-shoulder pattern.
- MACD starts to turn positive, and RSI is constructive.
- Long – Entry 445, Target 458, Stop 438
Peabody Energy Corporation (BTUS)
- Shares were forming the right hand shoulder of a head-and-shoulder pattern with rising volumes.
- Both MACD and RSI are constructive.
- Long – Entry 24.5, Target 27.55, Stop 23.0
Sembcorp Marine Ltd (SMM SP)
- Shares are forming a cup pattern and closed above the 200dMA yesterday.
- Both RSI and MACD are constructive.
- Long – Entry 0.106, Target 0.116, Stop 0.100
Dyna-Mac Holdings Ltd (DMHL SP)
- Shares closed above the 5dMA yesterday.
- RSI is reaching overbought levels and might correct, while MACD is converging towards the signal line.
- Long – Entry 0.145, Target 0.160, Stop 0.137
Want Want China Holdings Ltd (151 HK)
- Shares had been holding up well within the upward channel with decent volumes.
- MACD and RSI are constructive.
- Long – Entry: 7.65 Target: 8.15, Stop: 7.40
Shandong Gold Mining Co Ltd (1787 HK)
- Shares had been trending upward with an increase in volumes. The 5dEMA is about to cross the 50dEMA.
- MACD is constructive, and RSI is turning upward.
- Long – Entry: 13.80, Target: 14.50, Stop: 13.45
