United States | Singapore | Hong Kong

UNITED STATES

Spotify Technology SA (SPOT US)

• Shares could probably form a head and shoulder pattern. The conformation is breaking out at above 20dEMA which is a resistance.
• MACD shows positive upward momentum, but RSI remains flat.
• Long – Entry 230, Target 260, Stop 220

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D.R. Horton, Inc. (DHI US)

• Shares have higher highs and lower lowers, forming a positive uptrend. 
• MACD is about to turn positive, and RSI is still constructive. 
• The increase in volume is another buy signal. 
• Long – Entry 106, Target 112, Stop 103

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SINGAPORE

SATS (SATS SP)

• MACD formed a bullish crossover while RSI is on a positive momentum. 
• Shares formed a double bottom recently with strong buying support at 3.78, thus providing limited downside risk from current levels. Momentum may start to pick up after it closed above the 20d EMA yesterday. 
• Long – Entry 3.91, Target 4.13, Stop 3.81

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Broadway Industrial (BWAY SP)

• MACD formed a bullish crossover yesterday as shares were supported at higher lows, while RSI remains positive. 
• Shares are still in a well established long-term trend, with short term support pegged to the 20d EMA of 0.205
• Long – Entry 0.22, Target 0.25, Stop 0.205

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HONG KONG

BOC Hong Kong (Holdings) Ltd (2388 HK)

• Shares broke out the consolidation range with a surge in volume. 
• Both MACD and RSI are constructive.  
• Long – Entry: 25.3, Target: 27.0, Stop: 24.8

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Shandong Gold Mining Co Ltd (1787 HK)

• Shares retested the previous lows recently and rebounded. Yesterday, shares jumped with a surge in volume. 
• MACD shows an early sign of turnaround, and RSI shows that shares are recovering from an oversold level. 
• Long – Entry: 13.1, Target: 14.5, Stop: 12.5

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