Technical Analysis – 3 March 2023
United States | Singapore | Hong Kong
Uber Technologies Inc (UBER US)
- Shares formed a bullish engulfing pattern and closed above the 5dEMA with an increase in volume.
- RSI is constructive, while MACD is negative.
- Long – Entry 33.1 Target 36.7 Stop 31.3
Fortinet Inc (FTNT US)
- Shares closed above the 5dEMA with rising volume.
- RSI is constructive, while MACD is negative.
- Long – Entry 59, Target 63, Stop 57
Jardine Cycle & Carriage Ltd. (JCNC SP)
- Shares closed higher today above the 5dEMA with constructive volume after its earnings.
- MACD is positive, RSI is at an “overbought” level.
- Long – Entry 30.90, Target 32.10, Stop 31.50
Yangzijiang Shipbuilding (Holdings) Ltd. (YZJSGD SP)
- Shares closed higher above the 5dEMA, with constructive volume over the past 2 days.
- MACD is positive, RSI is constructive.
Long – Entry 1.34, Target 1.44, Stop 1.29
COSCO Shipping Holdings Co Ltd (1919 HK)
- Shares closed above the 5dEMA with rising volume. The 20dEMA crossed the 50dEMA.
- RSI is constructive and MACD is positive.
- Long – Entry 8.64, Target 9.50, Stop 8.21
Orient Overseas International Ltd (316 HK)
- Shares closed above the 50dEMA with a rise in volume. The 5dEMA crossed the 20dEMA.
- Both RSI and MACD are constructive.
- Long – Entry: 134, Target 144 Stop: 129
