Technical Analysis – 6 September 2022
United States | Singapore | Hong Kong
CF Industries Holdings, Inc. (CF US)
- Shares gapped up and closed above the 5dEMA with an increase in volume. Previously, the stock formed a doji pattern at the bottom of the recent pull-off.
- RSI starts to turn upward, while MACD remains negative.
- Long – Entry 105, Target 115, Stop 100
Cameco Corp (CCJ US)
- Shares formed a bullish flag pattern with rising volumes.
- Both MACD and RSI are constructive.
- Long – Entry 28.5 Target 30.5, Stop 27.5
Geo Energy Resources Ltd (RE4 SP)
- Shares gapped down and closed above the 20dEMA but below the 50dEMA with a jump in volume.
- RSI starts to turn positive, but MACD remains negative.
- Long – Entry 0.395, Target 0.435, Stop 0.375
Yangzijiang Shipbuilding Holdings Ltd (BS6 SP)
- Shares formed a doji patten after two trading day’s fall.
- Both MACD and RSI are negative.
- Long – Entry 0.915, Target 0.970, Stop 0.885
CSSC Offshore and Marine Engineering Group Co Ltd (317 HK)
- Shares gapped up and closed near an intraday high with an increase in volume. The 5dEMA crossed above the 20dEMA.
- RSI starts to turn upward, while MACD remains negative.
- Long – Entry: 8.0, Target: 8.6, Stop: 7.7
Yancoal Australia Ltd (3668 HK)
- Shares formed a bullish engulfing pattern and closed at a 6-month high with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 35.0, Target: 39.0 Stop: 33.0
