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