Technical Analysis – 5 September 2022
United States | Singapore | Hong Kong
FirstEnergy Corp (FE US)
- Shares touched the lower bound of the upward channel.
- RSI starts to turn upward, while MACD remains negative.
- Long – Entry 39.8, Target 41.2, Stop 39.1
PG&E Corporation (PCG US)
- Shares formed a bullish flag pattern with rising volumes.
- RSI is constructive, while MACD is still negative.
- Long – Entry 12.2 Target 13.0, Stop 11.8
Comfortdelgro Corporation Ltd (C52 SP)
- Shares gapped down but closed higher than open price with a jump in volume. 1.35 provided a strong support level.
- RSI is at an oversold level, while MACD remains negative.
- Long – Entry 1.35, Target 1.40, Stop 1.33
Dyna-Mac Holdings Ltd (NO4 SP)
- Shares formed a falling wedge pattern.
- Both MACD and RSI are negative.
- Long – Entry 0.195, Target 0.225, Stop 0.180
Fuyao Glass Industry Group Co Ltd (3606 HK)
- Shares edged up with rising volumes. The 5dEMA crossed above the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 37.0, Target: 40.0, Stop: 35.5
L’Occitane International S.A. (973 HK)
- Shares jumped with an increase in volume. The stock was poised to form a bullish flag pattern.
- RSI starts to turn upward, while MACD remains negative.
- Long – Entry: 25.0, Target: 26.5 Stop: 24.3
