KGI Research Singapore

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Technical Analysis: 3 January 2022

United States | Singapore | Hong Kong


Procter & Gamble Company (PG US)

  • Shares are on a strong upward momentum and closed above the 5dMA on Friday.
  • Shares have broken the previous all-time high and have been trading near the 5dMA.
  • Both MACD and RSI show positive upward momentum.
  • As shares are at an all-time high, risk-reward ratio determined as 1:2.
  • Long Entry 162.6, Target 166.5, Stop 160.7

General Mills Inc (GIS US)

  • Shares have filled the previous gap down and closed above the 5dMA on Friday. 
  • RSI on an upward momentum while MACD is converging towards the signal line.
  • Long Entry 66.8, Target 68.9, Stop 65.9

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  • MACD and RSI remains bullish 
  • Suggest entry level at the 5d EMA, which has provided support over the last two trading sessions. 
  • Long Entry 11.38, Target 11.95, Stop 11.10

Singtel (ST SP)

  • Shares declined 10% from the recent peak of 2.59 with both technical and moving averages indicating sell signals. 
  • However, corrections are likely over as shares find support at the 23.60% FIB of 2.31 after completing a 3-wave correction. 
  • Long Entry 2.32, Target 2.41, Stop 2.26

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Guotai Junan Securities Co Ltd (2611 HK)

  • Shares closed at a high since January 2021 on the last trading day in 2021. It broke out the key resistance level of HK$11.8. 
  • Both MACD and RSI show strong upward momentum. 
  • Long – Entry: 11.8, Target: 12.8, Stop: 11.3

Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited (874 HK)

  • Shares closed at a high since July 2021 with an increase in volume. 
  • MACD shows strong upward momentum, while RSI shows the stock is overbought.  
  • Long – Entry: 21.5, Target: 20.5, Stop: 23.5

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