KGI Research Singapore

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

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

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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

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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

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