Technical Analysis – 31 August 2022
United States | Singapore | Hong Kong
Lumen Technologies Inc (LUMN US)
- Shares touched the support level, and the stock rebounded for the previous three times.
- RSI is near an oversold level, while MACD is negative.
- Long – Entry 10.0, Target 11.0, Stop 9.5
Globalfoundries Inc (GFS US)
- Shares touched the 20dEMA and rebounded with an increase in volume. The stock held up within the upward channel.
- RSI is constructive, while MACD is negative.
- Long – Entry 59.0 Target 65.0, Stop 56.0
RH Petrogas Ltd (T13 SP)
- Shares closed above the 200dEMA and 50dEMA with a jump in volume. The 5dEMA crossed above the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 0.215, Target 0.250, Stop 0.200
Rex International Holding Ltd (5WH SP)
- Shares jumped and closed at a two-month high with a surge in volume. The 5dEMA crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 0.265, Target 0.290, Stop 0.250
Flat Glass Group Co Ltd (6865 HK)
- Shares formed a bullish flag pattern. The 5dEMA was about to cross the 20dEMA.
- MACD is constructive, while RSI starts to turn downward.
- Long – Entry: 26.0, Target: 28.5, Stop: 24.8
Greentown China Holdings Limited (3900 HK)
- Shares formed an upward channel and closed near an intraday high with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 15.2, Target: 16.2 Stop: 14.7
