United States | Singapore | Hong Kong

UNITED STATES

Apple Inc (AAPL US)

• Shares closed above the 20dMA on Friday on higher-than-average trading volumes
• 5dMA looks like about to crossover the 60dMA.
• RSI ticked sharply upwards on Friday, just before entering the oversold territory.
• To long at the 20dMA, which is also the double-bottom support level and take profit at the previous resistance level.
• Long – Entry 167.96, Target 177.17, Stop 162.89

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Microsoft Corporation (MSFT US)

• Shares closed above the 5dMA on Friday.
• RSI is on an upward trend while MACD has just crossed the signal line.
• To long at the 5dMA and take profit just before the previous gap up.
• Long – Entry 300.22, Target 312.51, Stop 294.87

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SINGAPORE

ST Engineering (ST SP)

• Shares are now at the accumulation zone of 3.66-3.70. 
• RSI reversal if price manages to rebound from current levels. 
• Long – Entry 3.66, Target 3.93, Stop 3.55

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IFAST (IFAST SP)

• While RSI indicates severely oversold conditions, we prefer to wait for shares to stabilise prior to buying. Selling pressure was severely intense on higher-than-average trading volume over the past two weeks. 
• A potential entry level could be around 5.86, which should provide a better risk/reward ratio based on prior key support levels. 
• Long – Entry 5.86, Target 6.75, Stop 5.53

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HONG KONG

Kunlun Energy Company Limited (135 HK)

• The upward channel is intact after rebounding from the breakout. 
• MACD is about to turn positive again, and RSI remains constructive. 
• Long – Entry 7.5, Target 8.25, Stop 7.15

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HSBC Holdings PLC (5 HK)

• Shares broke a 52-week high with a surge in volume. 
• RSI is back to an overbought level, and MACD starts to lose momentum. 
• Long – Entry 55, Target 59, Stop 53

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