Technical Analysis – 6 October 2022
United States | Singapore | Hong Kong
Occidental Petroleum Corporation (OXY US)
- Shares had been trending upward for the last two weeks with decent volumes. The 5dEMA crossed above the 20dEMA and 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 67.0, Target 70.5, Stop 65.3
Axcelis Technologies Inc (ACLS US)
- Shares formed a bullish engulfing pattern with an increase in volume. The 5dEMA crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 66.5 Target 70.5, Stop 64.5
AEM Holdings Ltd (AWX SP)
- Shares closed near an intraday high and above the 5dEMA with a jump in volume.
- RSI rebounds from an oversold level, and MACD is about to turn positive.
- Long – Entry 4.00, Target 4.25 Stop 3.88
Hongkong Land Holdings Limited (C8R SP)
- Shares closed near an intraday high and above the 5dEMA.
- RSI rebounds from an oversold level, while MACD remains negative.
- Long – Entry 4.60 Target 4.72, Stop 4.54
Ping An Insurance (Group) Company of China, Ltd (2318 HK)
- Shares closed near an intraday high and above the 5dEMA with a jump in volume.
- RSI rebounds from an oversold level, while MACD remains negative.
- Long – Entry: 40.5, Target: 42.55, Stop: 39.5
China Resources Beer Holdings Co Ltd (291 HK)
- Shares gapped up and broke out of the consolidation with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 57.0, Target: 59.0 Stop: 56.0
