Technical Analysis – 5 May 2022
United States | Singapore | Hong Kong
Bank of America Corp (BAC US)
- Shares closed near the intraday high with an increase in volume. The 5dEMA is about to cross the 50dEMA.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry 38.5, Target 40.45, Stop 37.5
Bunge Ltd (BG US)
- Shares had been up for three consecutive trading days with rising volumes. The stock holds up well within the upward channel.
- RSI is constructive, while MACD shows weak momentum.
- Long – Entry 118.0, Target 127.0, Stop 113.5
Venture Corporation Ltd (V03 SP)
- Shares gapped up and closed near intraday high with a jump in volume.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 17.9, Target 18.55, Stop 17.6
Jardine Cycle & Carriage Ltd (U14 SP)
- Shares have recovered back to pre-covid level and formed a strong uptrend.
- MACD shows strong upward momentum, while RSI is at an overbought level.
- Long – Entry 29.5, Target 31.45, Stop 28.5
Dongfang Electric Corp Ltd (1072 HK)
- Shares closed above the previous resistance level and entered the next fibonacci trading range.
- Both MACD and RSI are constructive.
- 5dMA crossed the 20dMA.
- Long – Entry: 8.81 Target: 9.38, Stop: 8.41
Swire Pacific Limited (19 HK)
- Shares closed above the previous resistance level and 5dMA has just crossed the 20dMA.
- RSI is constructive while MACD has just turned around.
- Long – Entry: 44.90, Target: 47.90, Stop: 43.45
