Technical Analysis – 3 February 2023
United States | Singapore | Hong Kong
Carnival plc (CUK US)
- Shares gapped up and closed at a high since June 2022 above the 200dEMA with high volumes. The 5dEMA crossed the 200dEMA.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 10.7 Target 11.9 Stop 10.1
Travelcenters of America Inc (TA US)
- Shares closed at a high since December 2022 above the 200dEMA with an increase in volume. The 5dEMA crossed the 20dEMA.
- RSI is constructive and MACD is positive.
- Long – Entry 47.3, Target 50.0, Stop 46.0
Valuetronics Holdings Pte. Ltd.
- Shares closed at a 1-year high, with a surge in volume. 50dEMA just crossed the 200dEMA.
- MACD just turned positive, RSI is at an “Overbought” level.
- Long – Entry 0.56, Target 0.59, Stop 0.54
Fortress Minerals
- Shares closed at a high since Jun 2022, with a surge in volume over the past 2 days.
- MACD is positive, RSI is constructive.
- Long – Entry 0.41, Target 0.45, Stop 0.38
Shangri-La Asia Ltd (69 HK)
- Shares closed at a high since February 2022 above the 5dEMA with an increase in volume.
- MACD is positive, while RSI is at an overbought level.
- Long – Entry 7.00, Target 7.70, Stop 6.65
Blue Moon Group Holdings Ltd (6993 HK)
- Shares closed at a high since January 2023 above the 50dEMA with an increase in volume. The 5dEMA crossed the 20dEMA and 50dEMA.
- RSI is constructive and MACD is positive.
- Long – Entry: 5.35, Target: 5.80 Stop: 5.125
