Technical Analysis – 4 July 2022
United States | Singapore | Hong Kong
Raytheon Technologies Corp (RTX US)
- Shares formed a double-bottom previously and closed near an intraday high with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 95.0, Target 100.0, Stop 92.5
Allstate Corp (ALL US)
- Shares formed a bullish engulfing pattern with an increase in volume. The 5dEMA was about to cross the 20dEMA.
- MACD is constructive, while RSI remains flat.
- Long – Entry 125.0, Target 132.0, Stop 121.5
ST Engineering Ltd (STE SP)
- Shares closed above 8 and 21 day EMA.
- RSI remains constructive.
- Long – Entry 4.04, Target 4.14, Stop 3.92
CFM (CFM SP)
- Golden cross with engulfing candle amidst strong volume.
- Acceptable RSI, albeit toppish.
- Long – Entry 0.138, Target 0.163, Stop 0.129
China Merchants Bank Co Ltd (3968 HK)
- Shares closed at a two-month-plus high with a jump on volume.
- Both MACD and RSI are constructive.
- Long – Entry: 52.0, Target: 56.0, Stop: 50.0
Xinyi Glass Holdings Ltd (868 HK)
- Shares formed a bullish engulfing pattern with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 18.5, Target: 19.9, Stop: 17.8
