Technical Analysis – 28 June 2022
United States | Singapore | Hong Kong
ONEOK, Inc. (OKE US)
- Shares reversed the downtrend and closed above the 5dEMA with a decent volume.
- Both MACD and RSU start to bottom out.
- Long – Entry 55.8, Target 59.6, Stop 54.0
FirstEnergy Corp. (FE US)
- Shares reversed the downtrend.
- MACD is about to turn positive, and RSI bottoms out from an oversold level.
- Long – Entry 37.7, Target 39.7, Stop 36.7
Samudera Shipping Line Ltd (SAMU SP)
- Shares closed above the 5dMA and 20dMA yesterday.
- RSI is turning around while MACD has just crossed the signal line.
- Long – Entry 0.760, Target 0.845, Stop 0.710
Frencken Group Ltd (FRKN SP)
- Shares closed above the 5dMA and 20dMA yesterday.
- Both RSI and MACD are constructive.
- Long – Entry 1.13, Target 1.22, Stop 1.08
Ganfeng Lithium Co Ltd (1772 HK)
- Shares had resumed an uptrend and closed at a four-month high with a jump in volume. The 20dEMA just crossed above the 200dEMA.
- MACD is constructive, while RSI reaches an overbought level.
- Long – Entry: 85, Target: 95, Stop: 80
Xinyi Glass Holdings Ltd (868 HK)
- Shares close above the 50dEMA with a jump in volume. The 5dEMA just crossed above the 20dEMA.
- MACD starts to turn positive, and RSI is constructive.
- Long – Entry: 18.5, Target: 19.9, Stop: 17.8
