Technical Analysis – 30 May 2022
United States | Singapore | Hong Kong
Lululemon Athletica Inc (LULU US)
- Shares gapped up and closed near an intraday high with a jump in volume.
- MACD starts to turn positive, and RSI starts to turn upward.
- Long – Entry 285, Target 300, Stop 277
Lithium Americas Corp (LAC US)
- Shares had broken out the downward channel. The stock surged and closed near an intraday high with a jump in volume. The 5dEMA is approaching the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 26.8, Target 29.1, Stop 25.5
Jardine Matheson Holdings Ltd (JMH SP)
- Shares closed above the 200dMA on Friday.
- Both RSI and MACD are on an uptrend.
- Long – Entry 56.91, Target 59.87, Stop 55.60
The Hour Glass Ltd (HG SP)
- Shares closed above the 20dMA on Friday on higher-than-average trading volumes.
- RSI reversed from its downtrend while MACD is still lagging behind.
- Long – Entry 2.27, Target 2.44, Stop 2.17
Ganfeng Lithium Co Ltd (1772 HK)
- Shares had formed a double bottom and resumed an uptrend.
- MACD and RSI are constructive.
- Long – Entry: 100 Target: 115, Stop: 92.5
Hengan International Group Company Ltd (1044 HK)
- Shares broke out of the consolidation with a jump in volume.
- MACD and RSI are constructive.
- Long – Entry: 38.0, Target: 40.0, Stop: 37.0
