KGI Research Singapore

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

Technical Analysis: 29 March 2022

United States | Singapore | Hong Kong

United States

Norwegian Cruise Line Holdings Ltd (NCLH US)

  • Shares broke out of the previous resistance level (~US$20) and have been trading near the 5dMA.
  • Both MACD and RSI are constructive.
  • Long Entry 20.05, Target 22.77, Stop 18.39

First Solar Inc (FSLR US)

  • Shares broke the previous resistance level on higher-than-average trading volume. 
  • 5dMA crossed the 60dMA.
  • Both MACD and RSI are constructive.
  • Long Entry 79.31, Target 89.04, Stop 73.91

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SINGAPORE

Yangzijiang (YZSGD SP)

  • Shares formed a V-bottom, and may have a slight pullback before continuing the upward trend. 
  • MACD yesterday formed a bullish crossover. 
  • Long – Entry 1.49, Target 1.64, Stop 1.41

Genting Singapore (GENS SP)

  • Shares have formed the bullish “cup and pattern” handle. Shares may consolidate last week’s gains before potentially moving higher. 
  • Momentum indicators are mixed, with MACD still positive while RSI indicates overbought conditions. 
  • Long – Entry 0.83, Target 0.89 Stop 0.80

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HONG KONG

HSBC Holdings plc (5 HK)

  • Shares edged up after retesting the 200dEMA several times. 
  • Both MACD and RSI are constructive. 
  • Long – Entry: 53.5 Target: 57.7, Stop: 52.4

MMG Ltd (1208 HK)

  • Shares formed a bullish flag pattern and closed at above the 200dEMA. . 
  • Both MACD and RSI are constructive. 
  • Long – Entry: 3.15, Target: 3.40, Stop: 3.02

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