Technical Analysis – 27 July 2022
United States | Singapore | Hong Kong
Alexandria Real Estate Equities Inc (ARE US)
- Shares closed above the 50dEMA with an increase in volume. The stock had been trending up above the 5dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 154, Target 167, Stop 148
Ingersoll Rand Inc (IR US)
- Shares formed a bullish flag pattern. The support from the 5dEMA was still intact.
- Both MACD and RSI are constructive.
- Long – Entry 44.5, Target 46.4 Stop 43.7
Kim Heng (KHOM SP)
- Bounced above the 8/21 day EMA after a double bottom was formed. Golden cross with improving volumes suggest buying momentum.
- RSI constructive.
- Long – Entry 0.095, Target 0.104, Stop 0.092
ESR-LOGOS REIT (EREIT SP)
- Breakout above consolidation channel formed since the middle of June. Closed above 8/21 day EMA with golden cross. Stop loss at bottom of previous consolidation channel
- RSI toppish.
- Long – Entry 0.42, Target 0.47, Stop 0.40
Hong Kong Exchanges and Clearing Limited (388 HK)
- Share gapped up and closed above the 20dEMA with an increase in volume. The 5dEMA crossed above the 50dEMA.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry: 365, Target: 379, Stop: 358
Longfor Group Holdings Ltd (960 HK)
- Shares reversed the downtrend with rising volumes.
- MACD is about to turn positive, and RSI recovered from an oversold level.
- Long – Entry: 29.3, Target: 31.3, Stop: 28.3
