Technical Analysis – 31 January 2023
United States | Singapore | Hong Kong
Nordstrom Inc (JWN US)
- Shares closed above the 5dEMA with an increase in volume. The 20dEMA is about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 18.5 Target 20.5 Stop 17.5
Philip Morris International Inc (PM US)
- Shares closed above the 5dEMA with a rise in volume.
- Both RSI and MACD are constructive.
- Long – Entry 103.5, Target 112.5, Stop 99.0
Q&M Dental (QC7 SP)
- Shares close at a high since Sep 22, with a surge in volume.
- MACD is positive, RSI is at an “Overbought” level.
- Long – Entry 0.36, Target 0.39, Stop 0.345
Great Eastern (G07 SP)
- Shares closed at a high since Sep 22, with constructive volume over the past few days.
- MACD is positive, RSI is at an “Overbought” level.
- Long – Entry 18.95, Target 19.15, Stop 18.85
CMOC Group Ltd (3993 HK)
- Shares closed at a high since July 2022 above the 5dEMA with a spike in volume. The 50dEMA crossed the 200dEMA.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 4.30, Target 4.80, Stop 4.05
China Mengniu Dairy Co Ltd (2319 HK)
- Shares closed at a high since June 2022 above the 5dEMA with a jump in volume.
- RSI is constructive, while MACD is negative.
- Long – Entry: 38.0, Target: 41.0 Stop: 36.5
