Technical Analysis: 3 February 2022
United States | Singapore | Hong Kong
UNITED STATES
McDonalds Corporation
- Shares closed above the 5dMA yesterday and above the previous resistance level (~US$258)
- 5dMA has crossed both the 20dMA and 60dMA over the past few days.
- Both RSI and MACD are constructive.
- Long – Entry 257.93, Target 267.04, Stop 253.65
Boeing Company (BA US)
- Shares are forming a head and shoulder pattern.
- Shares closed above the 5dMA and 20dMA yesterday.
- RSI indicates and uptrend while MACD looks like about to cross the signal line soon.
- Long – Entry 200.52, Target 212.61, Stop 194.13
SINGAPORE
ST Engineering (ST SP)
- Shares are now at the accumulation zone of 3.66-3.70.
- RSI is on an uptrend following Monday’s 1.9% rally.
- Long – Entry 3.70, Target 3.97, Stop 3.58
Genting Singapore (GENS SP)
- Shares are in the process of forming a double from healthy buying at 0.72-0.73 levels.
- RSI is bottoming out.
- Long – Entry 0.735, Target 0.77, Stop 0.71
HONG KONG
Hong Kong market is closed from 1 February 2022 to 3 February 2022 due to the Chinese New Year season.
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