KGI Research Singapore

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

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.

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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

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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

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