Technical Analysis – 28 October 2022
United States | Singapore | Hong Kong
Mastercard Incorporated (MA US)
- Shares trended upward and were about to form a bullish flag pattern. The 5dEMA crossed above the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 315, Target 331, Stop 307
Kimberly-Clark Corporation (KMB US)
- Shares gapped up and closed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 120.0 Target 127.5, Stop 116.5
iFAST Corporation Ltd (AIY SP)
- Shares closed above the 20dEMA with an increase in volume.
- MACD starts turning positive, and RSI is constructive.
- Long – Entry 3.85, Target 4.20 Stop 3.70
SembCorp Industries Limited (U96 SP)
- Shares closed above the 20dEMA and 200dEMA with an increase in volume.
- MACD is about to turn positive, and RSI rebounds from an oversold level.
- Long – Entry 2.85, Target 2.95 Stop 2.80
Weichai Power Co Ltd (2338 HK)
- Shares closed above the 20dEMA with an increase in volume. The 5dEMA was about to cross the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 7.80 Target: 8.70, Stop: 7.35
Budweiser Brewing Company APAC Ltd (1876 HK)
- Shares gapped up and closed above the 5dEMA with a jump in volume.
- RSI rebounds from an oversold level, while MACD remains negative.
- Long – Entry: 17.9, Target: 18.9 Stop: 17.4