KGI Research Singapore

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

Technical Analysis: 29 November 2021

United States | Singapore | Hong Kong

UNITED STATES

Moderna Inc (MRNA US)

  • Shares gapped up on Friday on huge volume
  • 5dMA crossed the 20dMA on Friday
  • Both RSI and MACD shows strong positive momentum 
  • To long at 60dMA and stop loss at 200dMA
  • Long Entry 312.0, Target 357.4, Stop 298.9

Snowflake Inc (SNOW US)

  • Shares had 3 consecutive days of gains; 5dMA about to cross 20dMA
  • RSI shows a reversal from downtrend 
  • To long at 5dMA and stop loss at 60dMA
  • Long Entry 362.6, Target 405.3, Stop 339.2

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SINGAPORE

Olam International (OLAM SP)

  • Shares formed a cup and handle pattern and have broken out to form a new 52-week high increasing volume. 
  • MACD still shows positive momentum, but may be tampered by RSI at overbought levels. 
  • Long Entry 1.78, Target 1.95, Stop 1.70

Q&M Dental (QNM SP)

  • Shares are well supported at the 200d EMA, providing limited downside risk. 
  • Both MACD and RSI are constructive, showing upward momentum.   
  • Long Entry 0.60, Target 0.67, Stop 0.56

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HONG KONG

Kintor Pharmaceutical Ltd (9939 HK)

  • Shares formed a bullish engulfing pattern last Friday. 
  • Previously it broke out the downward channel and managed to trade above 200dEMA. 
  • It pulled back to near 200dEMA level and retested it twice. 200dEMA (HK$50.2) will be the near-term support. It is poised to break above the consolidation lasted for two weeks previously. 
  • MACD showed an early sign of weak momentum, but RSI is constructive. 
  • Long – Entry: 59 (but stop), Target: 69, Stop: 54

Smoore International Holdings Ltd (6969 HK)

  • Shares managed to break out the trading range and maintained the upward momentum. 
  • 5dEMA is the trend line for entry and 200dEMA is the near-term support.
  • MACD and RSI were constructive, showing strong bullish momentum.
  • Long – Entry: 49, Target: 60, Stop: 45.5

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