Technical Analysis – 5 July 2022
United States | Singapore | Hong Kong
Advanced Micro Devices, Inc. (AMDUS)
- Shares closed at the 200wEMA. During the COVID-19 period, US$73.5 was the strong support level.
- MACD shows strong selling momentum, and RSI is approaching an oversold level.
- Long – Entry 73.5, Target 80.5, Stop 70.0
Pinduoduo Inc – ADR (PDD US)
- Shares had turned around and held up well around the 200dEMA.
- RSI is constructive, while MACD shows weak momentum.
- Long – Entry 64.5, Target 74.0, Stop 59.8
Singtel (ST SP)
- Bullish dragonfly doji with the formation of a cup and handle pattern.
- RSI remains constructive.
- Long – Entry 2.56, Target 2.77, Stop 2.46
Hong Fok (HFC SP)
- Still in the golden cross after bouncing up from the upward channel formed since 13 May.
- RSI still constructive
- Long – Entry 0.985, Target 1.07, Stop 0.955
China Resources Power Holdings Co Ltd (836 HK)
- Shares closed above the 200dEMA with an increase in volume. The 5dEMA was about to cross the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 16.5, Target: 18.5, Stop: 15.5
Genscript Biotech Corp (1548 HK)
- Shares closed at a four-month high with a jump in volume. The stock held up well above the 5dEMA.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry: 29.5, Target: 33.0, Stop: 27.8
