Technical Analysis – 29 July 2022
United States | Singapore | Hong Kong
Uranium Energy Corp (UEC US)
- Shares broke out of consolidation and from a hammer pattern with rising volumes. 5dEMA crossed above the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 3.8, Target 4.5, Stop 3.5
American States Water Co (AWR US)
- Shares closed above the 200dEMA with an increase in volume. 5dEMA crossed above the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 87.0, Target 92.5 Stop 84.5
Propnex (PROP SP)
- Share price popped to previous support-turned resistance set in late May to early June. Better-than-average volume above 8/21 day EMA suggests that bullishness could test next Fibbo-implied resistance of S$1.81. Golden cross.
- RSI toppish.
- Long – Entry 1.69, Target 1.81, Stop 1.62
Golden Energy & Resources (GER SP)
- Testing the uptrend channel after bouncing from a low of S$0.42 in early July. Successful breakout could see share price jump to previous highs. Risk-reward thus appears to be positively biassed. Golden cross.
- RSI constructive.
- Long – Entry 0.550, Target 0.700, Stop 0.505
CSPC Pharmaceutical Group Ltd (1093 HK)
- Share jumped and form a bullish engulfing pattern with a surge in volume. The stock closed above the 20dEMA. The 5dEMA was about to cross the 200dEMA.
- RSI is constructive, and MACD starts to turn positive.
- Long – Entry: 8.5, Target: 9.5, Stop: 8.0
Sinopharm Group Co. Ltd (1099 HK)
- Shares was poised to form a head-and-shoulder pattern.
- Both MACD and RSI start to turn upward.
- Long – Entry: 18.1, Target: 19.5, Stop: 17.4
