KGI Research Singapore

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Technical Analysis: 30 November 2021

United States | Singapore | Hong Kong


Apple Inc (AAPL US)

  • Shares closed above the 5dMA support yesterday
  • MACD shows strong positive momentum while RSI rebounded yesterday
  • To long at 5dMA and stop loss at the closing price of previous sell-off 
  • Long Entry 159.3, Target 165.7, Stop 156.7

Bath & Body Works Inc (BBWI US)

  • Shares formed an ascending channel and have been trading around the 5dMA 
  • RSI shows a slight rebound yesterday
  • To long at the base of the channel and stop loss at 60dMA
  • Long Entry 73.2, Target 82.0, Stop 70.1

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  • Shares may find support at the 100d EMA as RSI looks oversold. 
  • Next support level at 30.0 and long-term support at 200d EMA of 29.50
  • Long Entry 30.78, Target 32.40, Stop 30.00

Raffles Medical Group (RFMD SP)

  • Shares are well supported at the 100d EMA, providing limited downside risk.
  • Both MACD and RSI are constructive, showing upward momentum.  RSI crossed above 50 yesterday on higher-than-average trading volume. 
  • Long Entry 1.40, Target 1.53, Stop 1.35

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China Power International Dev. Ltd. (2380 HK)

  • Shares closed with a long green bar with a surge in volume, forming a bullish engulfing pattern. 
  • The 60dEMA is the near-term support. 
  • MACD showed an early sign of upward momentum, and RSI is constructive. 
  • Long – Entry: 3.8, Target: 4.4, Stop: 3.5

COSCO SHIPPING Holdings Co Ltd (1919 HK)

  • Shares broke out of the consolidation range with a surge in volume, and it managed to closed above the 60dEMA and 120dEMA which are the resistance levels.
  • The near-term support is the 120dEMA (HK$12.11)
  • MACD and RSI were constructive, showing bullish momentum.
  • Long – Entry: 12.5, Target: 13.7, Stop: 12.10

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