Technical Analysis: 5 January 2022
United States | Singapore | Hong Kong
United States
Boeing Company (BA US)
- Shares closed above the 60dMA yesterday.
- 5dMA has crossed the 20dMA and looks like about to cross over the 60dMA
- Shares gapped up and broke the previous resistance level (~US$ 212.8)
- Both MACD and RSI are on an upward momentum.
- Long – Entry 207.6, Target 227,2, Stop 200.0
Occidental Petroleum Corporation (OXY US)
- Shares closed above the 5dMA yesterday.
- 5dMA has crossed both the 20dMA and 60dMA.
- Shares gapped up and broke the previous resistance level (~US$ 32.5)
- Both MACD and RSI are on an upward momentum.
- Long – Entry 32.5, Target 31.1, Stop 35.7
SINGAPORE
Wilmar International (WIL SP)
- MACD and RSI are both on an uptrend. Shares are currently forming higher highs and higher lows over the past month, another positive trend.
- New potential support at the 50d EMA of 4.22, which we suggest could be an attractive entry level.
- Long – Entry 4.22, Target 4.47, Stop 4.10
Tianjin Zhongxin (TIAN SP)
- MACD and RSI are both still supportive of further upside.
- Shares may likely form a cup and handle pattern if it reaches the previous 1-year peak of 1.32.
- Long – Entry 1.18, Target 1.32, Stop 1.15
HONG KONG
Aac Technologies Holdings Inc (2018 HK)
- Shares tested the 60dEMA with a surge in volume but closed below. The 5dEMA is about to cross the 20dEMA.
- MACD shows an early sign of turnaround, and RSI is constructive.
- Long – Entry: 32.5, Target: 36.5, Stop: 30.5
CITIC Securities Company (6030 HK)
- Shares are forming a bullish flag pattern and rebounds with an increase in volume.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry: 20.5, Target: 21.5, Stop: 20.0
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