Technical Analysis – 28 July 2022
United States | Singapore | Hong Kong
NVIDIA Corporation (NVDA US)
- Shares broke out of the cup-and-handle pattern with an increase in volume. The 5dEMA crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 176, Target 190, Stop 169
ON Semiconductor Corp (ON US)
- Shares held up well within the upward channel. The stock closed at a one-month high with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 62.0, Target 67.0 Stop 59.5
Mapletree Industrial Trust (MINT SP)
- Uptrend since cup and handle formation. Closed above 8/21 day EMA indicates continued bullishness. Golden Cross. Keep tight loss on XD.
- RSI toppish.
- Long – Entry 2.71, Target 2.91, Stop 2.65
UMS (UMS SP)
- Uptrend after breaking out from a consolidation channel since early July. Strong volume and close above 8/21 day EMA indicates continued bullishness on the stock. Golden Cross.
- RSI constructive.
- Long – Entry 1.19, Target 1.30, Stop 1.15
CSSC Offshore & Marine Engineering (Group) Company Limited (317 HK)
- Share jumped with a surge in volume. The stock broke out of the cup-and-handle pattern. The 20dEMA crossed above the 200dEMA.
- MACD is constructive, and RSI is at an overbought level.
- Long – Entry: 7.15, Target: 7.95, Stop: 6.75
Orient Overseas (International) Limited (316 HK)
- Shares continued the uptrend. The 5dMEA provided a strong support. .
- Both MACD and RSI are constructive.
- Long – Entry: 262, Target: 280, Stop: 253
