Technical Analysis – 28 April 2022
United States | Singapore | Hong Kong
Campbell Soup Company (CPB US)
- Shares rebounded from corrections over the past three consecutive trading days with an increase in volume. The stock holds up well within the upward channel.
- Both MACD and RSI are constructive.
- Long – Entry 46.50, Target 48.66, Stop 45.5
Avis Budget Group Inc. (CAR US)
- Shares formed a bullish flag pattern and closed at an intraday high with a jump in volume. The stock is trading within the upward channel.
- RSI is constructive, while MACD shows weak momentum.
- Long – Entry 290, Target 330, Stop 270
Raffles Medical Group Ltd (RFMD SP)
- Shares are in the accumulation zone and are well-supported around S$1.13.
- Both MACD and RSI are relatively healthy.
- Long – Entry 1.13, Target 1.21, Stop 1.09
Golden Agri Resources Ltd (GGR SP)
- Shares closed above the 5dMA yesterday.
- MACD is positive, while RSI has turned around.
- Long – Entry 0.325, Target 0.355, Stop 0.310
China National Building Material Co Ltd (3323 HK)
- Shares gapped up and closed above the 200dEMA with a jump in volume.
- Both MACD and RSI start to turn around.
- Long – Entry: 10.0 Target: 11.0, Stop: 9.5
PetroChina Company Limited (1875 HK)
- Shares formed a doji patten at the 200dEMA leve which provided strong supports previously.
- RSI starts to turn around, while MACD shows weak momentum.
- Long – Entry: 3.70, Target: 4.07, Stop: 3.52
