Technical Analysis – 30 August 2022
United States | Singapore | Hong Kong
FMC Corp (FMC US)
- Shares formed higher highs and higher lowers. The stock held up well within the upward channel.
- MACD is constructive, while RSI is turning downward.
- Long – Entry 111.0, Target 123.5, Stop 105.0
Suncor Energy Inc (SU US)
- Shares formed a double-bottom pattern recently. The 20dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 34.00 Target 37.15, Stop 32.50
Thai Beverage PCL (Y92 SP)
- Shares gapped down but formed a doji patten with an increase in volume.
- Both MACD and RSI are negative.
- Long – Entry 0.640, Target 0.66, Stop 0.63
Thomson Medical Group Ltd (A50 SP)
- Shares closed at an 11-month high with a jump in volume. The stock had been up for eight consecutive trading days.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 0.087, Target 0.093, Stop 0.084
PetroChina Company Limited (857 HK)
- Shares closed at a two-month high with a decent volume. The 20dEMA was about to cross the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 3.70, Target: 3.98, Stop: 3.56
Xinte Energy Co Ltd (1799 HK)
- Shares retested the 200dEMA and rebounded with rising volumes. The 20dEMA crossed the 20dEMA and was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 21.5, Target: 24.3 Stop: 20.1
