Technical Analysis – 6 July 2022
United States | Singapore | Hong Kong
Macy’s Inc (M US)
- Shares formed a double-bottom pattern.
- MACD shows downward momentum, while RSI starts to turn upward.
- Long – Entry 18.5, Target 20, Stop 17.8
Overstock.com Inc (OSTK US)
- Shares formed a double-bottom pattern.
- MACD shows downward momentum, while RSI starts to turn upward.
- Long – Entry 27.5, Target 31.5, Stop 25.5
Sembcorp Industries (SCI SP)
- Golden cross with ascending triangle. Today’s close remains above the 21-day EMA line.
- RSI remains constructive.
- Long – Entry 2.85, Target 2.77, Stop 2.46
Sevens Atelier (SEVENS SP)
- Golden cross with established up trend since 20 January 2022.
- RSI still constructive
- Long – Entry 0.176, Target 0.204, Stop 0.165
Hainan Meilan International Airport Company Limited (357 HK)
- Shares formed a bullish flag pattern with rising volumes.The stock held up well above the 200dEMA.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry: 22.0, Target: 25.5, Stop: 21.0
Uni-President China Holdings Ltd (220 HK)
- Shares formed a cup and handle pattern.
- Both MACD and RSI are constructive.
- Long – Entry: 6.70, Target: 7.10, Stop: 6.50
