Technical Analysis: 6 December 2021

United States | Singapore | Hong Kong

UNITED STATES

The Coca Cola Company (KO US)

RSI touched and rebounded from the oversold territory last week
Shares closed above the 5dMA on Friday
Long – Entry 53.4, Target 55.0, Stop 52.4

Kellogg Company (K US)

Range bound trade
RSI shows a positive momentum and MACD looks like about to cross the signal line
Shares closed above the 5dMA on Friday
Long – Entry 62.4, Target 64.4, Stop 61.2

SINGAPORE

Hongkong Land Holdings Limited (HKL SP)

Shares corrected recently but managed to stay within the upward channel.
MACD showed downward momentum remained, but RSI showed an early sign of recovery.
Share had a strong support at 60dEMA level.
Long – Entry 5.5, Target 5.9, Stop 5.3

United Overseas Bank Ltd (UOB SP)

Shares rebounded from the 200dEMA for three consecutive trading days.
MACD showed weak momentum but RSI showed bottoming out from an oversold level.
200dEMA is the near term support.
Long – Entry 26.1, Target 27.5, Stop 25.5

HONG KONG

Yanzhou Coal Mining Co Ltd (1171 HK)

Shares are poised to form a cup and handle pattern after rallying for three consecutive trading days with an increase in volume.
Both MACD and RSI showed strong upward momentum.
Long – Entry: 13.3, Target: 15.5, Stop: 12.3

China Longyuan Power Group Corp Ltd (916 HK)

Shares were reversing the recent downtrend, and it closed above all the short-term moving average levels last Friday with an increase in volume.
Both MACD and RSI were constructive, implying positive upward momentum.
Long – Entry: 16.5, Target: 18.5, Stop: 15.5

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