Technical Analysis: 3 December 2021
United States | Singapore | Hong Kong
UNITED STATES
Advanced Micro Devices Inc (AMD US)
- Shares closed above the 20dMA support yesterday
- RSI rebounded slightly yesterday even though MACD remains laggard
- To long at 20dMA
- Long – Entry 147.7, Target 164.6, Stop 142.9
Snowflake Inc (SNOW US)
- Shares gapped up on huge volume yesterday and closed above the 5dMA support yesterday
- RSI shows a sharp rebound yesterday even though MACD remains laggard
- To long at 5dMA
- Long – Entry 347.7, Target 378.7, Stop 335.7
SINGAPORE
Genting Singapore (GENS SP)
- RSI indicates shares are oversold, and due for a technical rebound.
- Selling pressure over the last two days on decreasing volume.
- Long – Entry 0.745, Target 0.80, Stop 0.720
Singtel (ST SP)
- RSI indicates oversold conditions, while shares are now within the 1-year accumulation band.
- Long – Entry 2.38, Target 2.60, Stop 2.30
HONG KONG
China Construction Bank Corp (939 HK)
- Shares rebounded from the 52-week low with a surge in volume. The low was a key support level. Meanwhile, it broke above the downward channel.
- MACD showed an early sign of upward momentum. The RSI showed shares were oversold and bottomed out.
- Long – Entry: 5.15, Target: 5.50, Stop: 5.00
China International Capital Corp Ltd (9961 HK)
- Shares formed a inverted head and shoulder pattern.
- It rose for 4 consectuive trading days with an increase in volume.
- Both MACD and RSI were constructive, implying positive upward momentum.
- Long – Entry: 20.2, Target: 22.5, Stop: 19.2
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