Technical Analysis – 6 June 2023
United States | Singapore | Hong Kong
Spotify Technology S.A. (SPOT US)
- Shares closed above the 5dEMA, with a small surge in volume.
- MACD just turned positive, RSI is constructive.
- Long – Entry 154, Target 170, Stop 146
Roku, Inc. (ROKU US)
- Shares closed higher above the 5dEMA. 20dEMA is about to cross the 50dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 60.5, Target 66.5, Stop 57.5
Singapore Airlines (SIA SP)
- Shares closed at a 52-week high to pre-covid levels, with constructive volume over the past 4 weeks.
- MACD is positive, RSI is at an “overbought” level.
- Long – Entry 6.75, Target 7.15, Stop 6.55
Seatrium Ltd. (STM SP)
- Shares closed above the 200dEMA with constructive volume over the past 3 days.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 0.125, Target 0.135, Stop 0.120
Tongcheng Travel Holdings Ltd. (780 HK)
- Shares closed even higher above the 200dEMA. 5dEMA just crossed the 50dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 16.70, Target 18.30, Stop 15.90
Nan Nan Resources Enterprise Ltd. (1229 HK)
- Shares closed above 50dEMA with constructive volume.
- MACD is positive, RSI is constructive.
- Long – Entry 0.200, Target 0.230, Stop 0.185
