Technical Analysis – 4 May 2022
United States | Singapore | Hong Kong
Nvidia Corp (NVDA US)
- Shares have bottomed out and entered the consolidation zone.
- RSI is relatively flat while MACD touched the signal line, and may crossover soon.
- Long – Entry 190.80, Target 208.75, Stop 181.51
Mosaic Company (MOS US)
- Shares formed a bullish engulfing pattern and closed above the 5dMA.
- Previous resistance level now forms the short-term support.
- RSI has turned around while MACD is lagging behind.
- Long – Entry 62.23, Target 70.76, Stop 57.35
Oversea-Chinese Banking Corp. Limited (O39 SP)
- Shares gapped up and closed near intraday high with a jump in volume.
- MACD is about to turn around, and RSI is positive.
- Long – Entry 12.20, Target 12.69, Stop 12.0
UOL Group Limited (U14 SP)
- Shares broke out from the consolidation with a jump in volume.
- MACD is about to turn around, and RSI is positive.
- Long – Entry 7.20, Target 7.50, Stop 7.10
POSTAL SAVINGS BANK of CHINA Co Ltd (1685 HK)
- Shares tested the 200dEMA and rebounded with an increase in volume on the following trading day. It formed a bullish engulfing pattern.
- Both MACD and RSI are about to turn upward.
- Long – Entry: 6.15 Target: 6.60, Stop: 5.90
China Resources Land Limited (1109 HK)
- Shares broke out the consolidation range with a decent volume.
- Both MACD and RSI are turning upward.
- Long – Entry: 36.2, Target: 39.1, Stop: 34.8