Technical Analysis – 30 June 2022
United States | Singapore | Hong Kong
DR Horton, Inc. (DHI US)
- Shares formed an island reversal pattern previously.
- MACD starts to turn positive, while RSI remains flat.
- Long – Entry 64.0, Target 70.0, Stop 61.0
American States Water Company (AWR US)
- Shares formed a bullish flag pattern with rising volumes.
- Both MACD and RSI are constructive.
- Long – Entry 79.0, Target 82.0, Stop 77.5
Riverstone Holdings Ltd (RSTON SP)
- Shares closed above the 5dMA and 20dMA yesterday.
- 5dMA touched the 20dMA yesterday.
- Both RSI and MACD are constructive.
- Long – Entry 0.715, Target 0.780, Stop 0.675
Capitaland Integrated Commercial Trust (CICT SP)
- Shares closed above the 60dMA yesterday and are currently consolidating to form a bull flag pattern.
- Both RSI and MACD are constructive.
- Long – Entry 2.19, Target 2.31, Stop 2.13
Weichai Power Co., Ltd (2338 HK)
- Shares formed a cup and handle pattern. The stock had been holding up above the 50dEMA.
- Both MACD and RSI are turning downward.
- Long – Entry: 12.2, Target: 13.5, Stop: 11.7
Standard Chartered PLC (2888 HK)
- Shares formed a double-bottom pattern.
- MACD starts to turn positive, and RSI is constructive.
- Long – Entry: 58.5, Target: 62.0, Stop: 56.8
