Technical Analysis – 4 October 2022
United States | Singapore | Hong Kong
Devon Energy Corporation (DVN US)
- Shares formed an island reversal pattern with an increase in volume. The stock closed above both the 20dEMA and 50dEMA.
- RSI is turning upward, and MACD is about to turn positive.
- Long – Entry 64.2, Target 69.2, Stop 61.7
Peabody Energy Corporation (BTU US)
- Shares gapped from the bullish flag pattern with an increase in volume.
- Both MACD and RSI are constructive.
Long – Entry 26.0 Target 28.5, Stop 24.8
Rex International Holding Ltd (5WH SP)
- Shares closed above the 5dEMA with an increase in volume.
- RSI starts to rebound, while MACD remains negative.
- Long – Entry 0.225, Target 0.240 Stop 0.215
Raffles Medical Group Ltd (BSL SP)
- Shares closed above the 5dEMA with an increase in volume.
- RSI is flat, and MACD remains negative.
- Long – Entry 1.30 Target 1.36, Stop 1.27
The Hong Kong market is closed today in observance of a public holiday, Double Ninth Festival. The market will reopen on 5 September, Wednesday.
