Technical Analysis – 5 April 2023
United States | Singapore | Hong Kong
Abbott Laboratories (ABT US)
- Shares rose above the 50dEMA, with constructive volume over the past 3 days.
- MACD is positive, RSI is constructive.
- Long – Entry 102.5, Target 107.5, Stop 100.0
First Majestic Silver Corp. (AG US)
- Shares rose above the 5dEMA, with constructive volume over the past 2 weeks.
- MACD is positive, RSI is constructive.
- Long – Entry 7.50, Target 8.10, Stop 7.20
Medtecs International Corp Ltd (MED SP)
- Shares closed above the 5dEMA with an increase in volume. The 5dEMA crossed both the 50dEMA and 20dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 0.140, Target 0.170, Stop 0.125
Japfa Ltd (JAP SP)
- Shares formed a hammer pattern and closed above the 20dEMA with a rise in volume.
- Both MACD and RSI are constructive.
- Long – Entry 0.245, Target 0.280, Stop 0.228
The Hong Kong market is closed today in observance of a public holiday (Qingming festival). Trading resumes on Thursday, 5 April.
