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
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
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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