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
SINGAPORE
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
SATS Ltd (SATS SP)
- 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
HONG KONG
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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