Technical Analysis – 3 October 2022
United States | Singapore | Hong Kong
Charles Schwab Corporation (SCHW US)
- Shares formed a triangle pattern and consolidated at around the 200dEMA.
- Both MACD and RSI are negative.
- Long – Entry 71.0, Target 77.4, Stop 68.0
Dillard’s Inc (DDS US)
- Shares formed a bullish engulfing pattern with an increase in volume. The stock closed above the 5dEMA.
- RSI starts turning upward, while MACD remains negative.
- Long – Entry 270.0 Target 285.0, Stop 262.5
UOL Group Limited (U14 SP)
- Shares formed a bullish engulfing pattern at the YTD low with an increase in volume.
- RSI rebounds from an oversold level, while MACD remains negative.
- Long – Entry 6.55, Target 6.75 Stop 6.45
Raffles Medical Group Ltd (BSL SP)
- Shares closed above the 5dEMA with an increase in volume.
- RSI is turning upward, while MACD remains negative.
- Long – Entry 1.30 Target 1.36, Stop 1.27
PICC Property & Casualty Co., Ltd (2328 HK)
- Shares formed a bullish engulfing pattern and rebounded from the 200dEMA with an increase in volume.
- RSI is turning upward, while MACD remains negative.
- Long – Entry: 8.00, Target: 8.50, Stop: 7.75
Shandong Gold Mining Co Ltd (1787 HK)
- Shares formed a bullish engulfing pattern at the YTD low.
- RSI is turning upward, while MACD remains negative.
- Long – Entry: 12.34, Target: 12.74 Stop: 12.14
