Technical Analysis: 28 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

Aztech Global (AZTECH SP)

Bullish engulfing formed on Monday while RSI indicates the stock is severely oversold and due for a technical rebound.
Long – Entry 0.85, Target 0.64, Stop 0.795

Hatten Land (HATT SP)

Shares surged yesterday on the highest volume since 1 Nov and were turned down from the 61.8% Fib resistance of 0.058.
MACD formed a bullish crossover while RSI is on a positive momentum.
Suggest to wait for a pullback and long at the confluence of the 100d EMA and 50% Fib, which is around the 0.051 level.
Long – Entry 0.051, Target 0.059, Stop 0.047

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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