KGI Research Singapore

Singapore's leading broker offering Futures, FX, Equities and Wealth Management.

Technical Analysis: 29 April 2022

United States | Singapore | Hong Kong

United States

GoDaddy Inc (GDDY US)

  • Shares hold up well within the upward channel amidst the overall market sell-off.
  • RSI is constructive, but MACD shows weak momentum 
  • Long Entry 87.00, Target 93.75, Stop 83.60

 Western Digital Corporation (WDC US)

  • Shares broke out from the previous consolidation under the 50dEMA with an increase in volume.  
  • RSI is constructive, and MACD shows strong momentum. 
  • Long Entry 52.0, Target 55.5, Stop 50

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Hongkong Land Holdings Ltd (HKL SP)

  • Shares rebounded from its oversold territory and closed above the 5dMA yesterday.
  • MACD is converging towards the signal line.
  • Long – Entry 4.69, Target 5.10, Stop 4.49


  • Shares closed above the 5dMA yesterday and have been on an upward momentum.
  • MACD is positive, while RSI is currently overbought.
  • Long – Entry 4.59, Target 4.75, Stop 4.53

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China State Construction International Holdings Limited (3311 HK)

  • Shares formed a head-and-shoulder pattern. The stock closed at near the intraday high with a jump in volume.  
  • RSI is constructive, and MACD starts to turn around. 
  • Long – Entry: 9.8 Target: 11.1, Stop: 9.2

CGN Power Co Ltd (1816 HK)

  • Shares broke out the consolidation range with an increase in volume. 
  • Both MACD and RSI show strong upward momentum. 
  • Long – Entry: 2.15, Target: 2.25, Stop: 2.10

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