Technical Analysis – 27 June 2022
United States | Singapore | Hong Kong
Spirit Airlines Incorporated (SAVE US)
- Shares resumed an uptrend and closed at a two-month high with an increase in volume. The 5dEMA just crossed above the 200dEMA.
- Both MACD and RSU are constructive.
- Long – Entry 24.0, Target 27.0, Stop 22.5
Cloudflare Inc (NET US)
- Shares had risen for five consecutive trading days with rising volumes. The stock closed above the 50dEMA for the first time since mid-April.
- Both MACD and RSU are constructive.
- Long – Entry 50.5, Target 60.0, Stop 45.7
HRnetGroup (CHZ SP)
- Shares formed a bullish engulfing pattern with rising volumes.
- Both MACD and RSI are constructive.
- Long – Entry 0.770, Target 0.810, Stop 0.755
Singapore Telecommunications Limited (Z74 SP)
- Shares reversed the downtrend. The 5dEMA was about to cross the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 2.58, Target 2.68, Stop 2.53
Hong Kong Exchanges and Clearing Limited (388 HK)
- Shares closed at a 2-month-plus high with a jump in volume. The 20dEMA just crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 370, Target: 394, Stop: 358
Ping An Insurance (Group) Company of China, Ltd. (2318 HK)
- Shares edged up with rising volumes. The 20dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 53.0, Target: 58.0, Stop: 50.5
