Technical Analysis – 30 November 2022
United States | Singapore | Hong Kong
Alcoa Corp (AA US)
- Shares formed a cup and handle pattern.
- RSI starts turning upward, while MACD turns negative.
- Long – Entry 47.0, Target 53.8 Stop 43.0
Methanex Corp (MEOH US)
- Shares closed at a three-month high. The 5dEMA crossed above the 200dEMA.
- MACD starts turning positive, and RSI is constructive.
- Long – Entry 40.2, Target 42.4, Stop 39.1
United Overseas Bank Ltd (U11 SP)
- Shares closed at a high since April with a jump in volume.
- RSI is at an overbought level, and MACD is negative.
- Long – Entry 30.50, Target 31.35, Stop 30.05
DBS Group Holdings Ltd (D05 SP)
- Shares closed above the 5dEMA and formed a bullish engulfing pattern with a increase in volume.
- RSI starts turning upward, while MACD is negative.
- Long – Entry 34.80, Target 36.25, Stop 34.10
China National Building Material Co Ltd (3323 HK)
- Shares closed at high since mid-September with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 6.65, Target 7.55, Stop 6.20
China Merchants Bank Co Ltd (3968 HK)
- Shares closed at a two-month high with a jump in volume. The 20dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 38.15, Target: 41.75 Stop: 36.35
