Technical Analysis – 29 June 2022
United States | Singapore | Hong Kong
Occidental Petroleum Corporation (OXY US)
- Shares formed an island reversal pattern and closed above the 50dEMA with an increase in volume.
- Both MACD and RSI start to bottom out.
- Long – Entry 60.5, Target 65.0, Stop 58.5
Halliburton Company (HAL US)
- Shares rebounded from the 200dEAM with a jump in volume.
- MACD is bottoming, while RSI starts to turn upward.
- Long – Entry 32.5, Target 35.1, Stop 31.2
Hongkong Land Holdings Ltd (HKL SP)
- Shares broke out of the ascending wedge pattern yesterday and closed above the 200dMA.
- RSI is relatively flat while MACD has just touched the signal line.
- Long – Entry 4.94, Target 5.20, Stop 4.82
Sasseur REIT (SASSR SP)
- Shares are forming higher highs and higher lows and closed above the 20dMA yesterday.
- RSI is constructive while MACD recently crossed the signal line.
- Long – Entry 0.785, Target 0.820, Stop 0.765
Sands China Ltd (1928 HK)
- Shares closed above the 60dMA yesterday on higher-than-average trading volumes.
- 5dMA just touched the 60dMA yesterday.
- Shares have filled the recent 2 gap downs.
- MACD is constructive, while RSI reached an overbought level.
- Long – Entry: 16.92, Target: 18.20, Stop: 16.28
Sun Art Retail Group Ltd (6808 HK)
- Shares closed above the 60dMA yesterday.
- 5dMA crossed the 60dMA yesterday.
- Both RSI and MACD are constructive.
- Long – Entry: 2.55, Target: 2.76, Stop: 2.44
