Technical Analysis – 6 June 2022
United States | Singapore | Hong Kong
Caterpillar Inc (CAT US)
- Shares had resumed an uptrend and held up well above the 5dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 220, Target 235, Stop 212
Capri Holdings Ltd (CPRI US)
- Shares formed a double-bottom and resumed an uptrend above the 5dEMA. The 5dEMA just crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 49, Target 53, Stop 47
Olam Group Ltd (OLG SP)
- Shares closed above the 5dMA on Friday and formed higher highs and higher lows.
- Both RSI and MACD are constructive.
- Long – Entry 1.57, Target 1.67, Stop 1.51
Jardine Matheson Holdings Ltd (JM SP)
- Shares closed above the 200dMA on Friday.
- Previously, the 200dMA was the resistance, but it is now the short-term support.
- Both RSI and MACD are constructive.
- Long – Entry 56.91, Target 59.87, Stop 55.60
Global X China Electric Vehicle ETF (2845 HK)
- Shares had broken out of the downward channel. The stock closed near an intraday high with a jump in volume. The 5dEMA crossed above the 50dEMA.
- MACD and RSI are constructive.
- Long – Entry: 138 Target: 150, Stop: 132
Fuyao Glass Industry Group Co Ltd (3606 HK)
- Shares had been holding up well within the upward channel since early April with rising volumes. The 5dEMA was about to cross the 200dEMA.
- MACD and RSI are constructive.
- Long – Entry: 39.0, Target: 43.2, Stop: 37.0
