Technical Analysis – 5 October 2022
United States | Singapore | Hong Kong
Home Depot Inc (HD US)
- Shares formed a double-bottom pattern. The 5dEMA crossed above the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 287.5, Target 297.5, Stop 282.5
Boeing Co (BA US)
- Shares gapped up from the 5dEMA and closed near an intraday high.
- RSI rebounds from an oversold level, and MACD is about to turn positive.
- Long – Entry 130.2 Target 138.2, Stop 126.2
Rex International Holding Ltd (5WH SP)
- Shares were forming the right shoulder of the head-and-shoulder pattern with rising volumes.
- RSI is turning upward, and MACD is about to turn positive.
- Long – Entry 0.235, Target 0.260 Stop 0.220
Jiutian Chemical Group Limited (C8R SP)
- Shares closed above the 5dEMA with an increase in volume.
- RSI rebounds from an oversold level, while MACD remains negative.
- Long – Entry 0.077 Target 0.082, Stop 0.075
China Resources Cement Holdings Limited (1313 HK)
- Shares closed above the 5dEMA with an increase in volume.
- RSI rebounds from an oversold level, while MACD remains negative.
- Long – Entry: 3.80, Target: 4.10, Stop: 3.65
China National Building Material Co Ltd (3323 HK)
- Shares closed above the 5dEMA with an increase in volume.
- RSI rebounds from an oversold level, and MACD is about to turn positive.
- Long – Entry: 6.15, Target: 6.65 Stop: 5.90
