Technical Analysis: 28 January 2022
United States | Singapore | Hong Kong
UNITED STATES
Johnson & Johnson (JNJ US)
- Shares enjoyed 3 consecutive days of gains and closed above the 5dMA yesterday.
- 5dMA crossed the 20dMA yesterday.
- RSI reversed its downtrend sharply while MACD remains laggard.
- Long – Entry 168.06, Target 173.54, Stop 165.68
Ball Corporation (BLL US)
- Shares gapped up and broke the previous resistance level yesterday (~US$92.4)
- 5dMA touched the 200dMA yesterday.
- RSI reversed its downtrend sharply while MACD has touched the signal line, indicating a possible cross-over soon.
- Long – Entry 92.44, Target 96.95, Stop 89.84
SINGAPORE
Rex International Holdings Ltd (REXI SP)
- Shares formed a cup and handle pattern and closed above the 5dMA yesterday.
- RSI ticked upwards yesterday while MACD remains laggard.
- To long around the 20dMA level and stop loss at the base of the handle.
- Long – Entry 0.325, Target 0.360, Stop 0.310
SGX (SGX SP)
- Uptrend still intact and price action has likely completed wave 4 of 5 as the stock forms higher highs and higher lows after bottoming out in Dec 2021.
- Long – Entry 9.46, Target 10.05, Stop 9.26
HONG KONG
BOC Hong Kong (Holdings) Ltd (2388 HK)
- The strong uptrend is still intact. The last closing price reached the high in July 2019.
- MACD shows strong upward momentum, and RSI remains at an overbought level.
- Long – Entry: 29.5, Target: 31.5, Stop: 28.5
Tongcheng Travel Holdings Ltd (780 HK)
- Shares form a bullish flag pattern.
- Both MACD and RSI show positive upward momentum.
- Long – Entry: 15.7, Target: 17.2, Stop: 14.5
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