Technical Analysis: 27 December 2021
United States | Singapore | Hong Kong
UNITED STATES
Royal Caribbean Cruises Ltd (RCL US)
- Shares had some correction on Thursday but closed above the 60dMA
- Shares have filled the gap and 5dMA has crossed the 20dMA
- RSI on an uptrend while MACD is converging above the signal line
- To long around the level before the gap down and stop loss at the 20dMA
- Long – Entry 77.8, Target 85.1, Stop 74.9
Marriott International (MAR US)
- Shares closed above the 5dMA on Thursday and broke the previous resistance level (~US$160.8)
- RSI is on an uptrend while MACD has crossed the signal line and is converging upwards
- To long at the previous resistance level and take profit at the next resistance level
- Long – Entry 160.8, Target 170.9, Stop 155.6
SINGAPORE
Wilmar (WIL SP)
- Key support level at the 38.20% Fib level, which has seen buying support since July 2020.
- Long – Entry 4.08, Target 4.38, Stop 3.98
Ascendas REIT (AREIT SP)
- Shares have entered the 12-month accumulation zone of between 2.88 and 2.94
- MACD formed a bullish crossover
- Long – Entry 2.92, Target 3.12, Stop 2.85
HONG KONG
CNOOC (883 HK)
- MACD remains positive after forming a bullish crossover earlier this month.
- Suggested entry level at the 23.60% Fib support of 8.02.
- Long – Entry: 8.06, Target: 8.62, Stop: 7.83
Tencent (700 HK)
- Shares are currently consolidating between 421 and 522, after breaking the downtrend that started in March 2021.
- Strong buying support at 430, forming a double bottom for 2021
- Long – Entry: 458, Target: 521, Stop: 430
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