KGI Research Singapore

Singapore's leading broker offering Futures, FX, Equities and Wealth Management.

Technical Analysis – 26 May 2023

United States | Singapore | Hong Kong

Marvell Technology Inc (MRVL US)

  • Stock has been on a steady uptrend and closed at an 8-month high above the 5dEMA with a surge in volume.
  • MACD is constructive, while RSI is at an overbought level.
  • Long Entry 55, Target 61, Stop 52

Advanced Micro Devices Inc (AMD US)

  • Shares closed at a high since March 2022, above the 5dEM with an increase in volume. 
  • MACD is constructive, while RSI is at an overbought level.
  • Long Entry 119.0, Target 130.0, Stop 113.5

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UMS Holdings Ltd (UMSH SP)

  • Shares formed an inverted hammer pattern and closed above the 20dEMA with a surge in volume. 
  • Both MACD and RSI are constructive.
  • Long Entry 1.00, Target 1.10, Stop 0.95

AEM Holdings Ltd (AWX SP)

  • Shares closed above the 20dEMA with a surge in volume. The 5dEMA is about to cross the 50dEMA.
  • RSI is constructive, while MACD is about to turn positive.
  • Long Entry 3.30, Target 3.60, Stop 3.15

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The Hong Kong market is closed today in observance of a public holiday (Buddha’s Birthday). Trading resumes on Monday, 29 May.

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