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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