Technical Analysis – 27 September 2022
United States | Singapore | Hong Kong
Alibaba Group Holding Ltd (BABA US)
- Shares was approaching the YTD low.
- MACD is negative, and RSI is at an oversold level.
- Long – Entry 78.0, Target 87.0, Stop 73.3
Estee Lauder Companies Inc (EL US)
- Shares formed a bullish englufing pattern with an increase in volume.
- RSI rebounds from an oversold level, but MACD is negative.
- Long – Entry 232 Target 244, Stop 262
Singapore Telecommunications Limited (Z74 SP)
- Shares formed a doji pattern at the lower bound of the upward channel with an increase in volume.
- Both MACD and RSI are negative.
- Long – Entry 2.64, Target 2.75 Stop 2.59
Golden Energy and Resources Ltd (AUE SP)
- Shares formed a shooting star pattern with a jump in volume. The stock reached a new 52-week high during the intraday tradings session.
- RSI is constructive, and MACD is about to turn positive.
- Long – Entry 0.790 Target 0.850, Stop 0.760
Haier Smart Home Co Ltd (6690 HK)
- Shares formed a bullish engulfing pattern with an increase in volume.
- RSI is turing upward, while MACD is negative.
- Long – Entry: 24.1, Target: 25.1, Stop: 23.6
Haidilao International Holding Ltd (6862 HK)
- Shares formed a bullish engulfing pattern with an increase in volume.
- RSI is turing upward, while MACD is negative.
- Long – Entry: 15.2, Target: 16.4 Stop: 14.6
