Technical Analysis – 31 May 2022
United States | Singapore | Hong Kong
FMC Corp (FMC US)
- Shares tested the 200dEMA and resumed the uptrend. The stock closed at above the 50dEMA with a jump in volume. The 5dEMA was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 125.0, Target 136.6, Stop 120.0
Axcelis Technologies Inc (ACLS US)
- Shares gapped up and broke out of the consolidation with an increase in volume. The 5dEMA was trending upward and was about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 62, Target 70, Stop 5
Olam Group Ltd (OLG SP)
- Shares gapped up and closed above the 5dMA yesterday.
- RSI rebounded from oversold levels while MACD just crossed the signal line.
- Long – Entry 1.48, Target 1.59, Stop 1.42
Rex International Holdings Ltd (REXI SP)
- Shares closed above the 200dMA yesterday and closed the previous gap.
- Both RSI and MACD are constructive.
- Long – Entry 0.320, Target 0.360, Stop 0.305
China Life Insurance Co Ltd (2628 HK)
- Shares closed at above the 50dEMA for the first time since mid-February with an increase in volume.
- MACD and RSI are constructive.
- Long – Entry: 11.8 Target: 12.5, Stop: 11.5
Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd (874 HK)
- Shares broke out of the consolidation with a jump in volume.
- MACD starts to turn positive, and RSI is constructive.
- Long – Entry: 21.2, Target: 22.5, Stop: 20.5
