Technical Analysis – 3 June 2022
United States | Singapore | Hong Kong
Vale SA (VALE US)
- Shares had resumed an uptrend and held up well above the 5dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 18.0, Target 20.5, Stop 17.0
Academy Sports and Outdoors Inc (ASO US)
- Shares formed a bullish flag pattern.
- MACD starts to turn positive, while RSI shows no momentum.
- Long – Entry 33.5, Target 36.5, Stop 32.0
Yangzijiang Financial Holding Ltd (YF8 SP)
- Shares formed a V-shape rebound with rising volumes. The stock held up well above the 5dEMA.
- RSI is trending upward.
- Long – Entry 0.505, Target 0.545, Stop 0.485
Samudera Shipping Line Ltd (S56 SP)
- Shares rebounded and formed a new uptrend with rising volumes.
- MACD is constructive, and RSI has turned upward.
- Long – Entry 0.80, Target 0.88, Stop 0.76
The Hong Kong market is closed today in observance of a public holiday (Dragon Boat Festival). Trading resumes on Monday, 6 June.
