Technical Analysis – 28 September 2022
United States | Singapore | Hong Kong
DICK’S Sporting Goods, Inc (DKS US)
- Shares gapped up and closed above the 20dEMA with an increase in volume.
- RSI reverses the downtrend, while MACD remains negative.
- Long – Entry 108, Target 115, Stop 104
Trip.com Group Ltd (TCOM US)
- Shares gapped up and help up above the gap with rising volumes.
- Both MACD and RSI are constructive.
- Long – Entry 27 Target 29, Stop 26
Chip Eng Seng Corporation Ltd (C29 SP)
- Shares held up well above the 20dEMA.
- RSI is constructive, while MACD is negative.
- Long – Entry 0.700, Target 0.750 Stop 0.675
Japfa Ltd (UD2 SP)
- Shares formed a hammer pattern with an increase in volume.
- RSI is turning upward, while MACD is negative.
- Long – Entry 0.570 Target 0.600, Stop 0.555
Guotai Junan Securities Co Ltd (2611 HK)
- Shares formed a bullish engulfing pattern with an increase in volume. The stock closed above the 5dEMA.
- RSI rebounds from an oversold level, while MACD is negative.
- Long – Entry: 24.1, Target: 25.1, Stop: 23.6
Zhou Hei Ya International Holdngs Co Ltd (1458 HK)
- Shares broke out of the 50dEMA and consolidation with a jump in volume. The 5dEMA cross above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 4.15, Target: 4.75 Stop: 3.85
