Technical Analysis – 29 May 2023
United States | Singapore | Hong Kong
The United States market is closed today in observance of a public holiday (Memorial Day). Trading resumes on Tuesday, 30 May.
Frencken Group Ltd (FRKN SP)
- Shares formed a hammer pattern and closed above the 5dEMA.
- RSI turned positive, while MACD is about to turn positive.
- Long – Entry 0.84, Target 0.92, Stop 0.80
Hiap Tong Corp Ltd (HTONG SP)
- Shares closed at a high since January 2018, above the 5dEMA with a surge in volume.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 0.135, Target 0.147, Stop 0.129
Jiumaojiu International Holdings Ltd (9922 HK)
- Shares closed above the 5dEMA with rising volume.
- RSI starts turning positive, while MACD is about to turn positive..
- Long – Entry 14.0, Target 15.4, Stop 13.3
Want Want China Holdings Ltd (151 HK)
- Shares closed at a one-month high above the 5dEMA with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 5.22, Target 5.60, Stop 5.03
