KGI Research Singapore

Singapore's leading broker offering Futures, FX, Equities and Wealth Management.

Technical Analysis: 7 December 2021

United States | Singapore | Hong Kong


McCormick & Company, Inc (MKC US)

  • Shares had 4 consecutive days of gains and gapped up yesterday, closing above the previous resistance level 
  • Strong support at 5dMA
  • Both RSI and MACD shows strong positive momentum
  • Long Entry 88.5, Target 91.9, Stop 86.7

Caterpillar Inc (CAT US)

  • Shares gapped up yesterday and closed above the 5dMA
  • RSI shows a positive momentum and MACD looks like about to cross the signal line
  • 5dMA looks like about to cross the 20dMA
  • Long Entry 199.4, Target 210.7, Stop 196.1

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Rex International Holding Ltd (REXI SP)

  • Shares opened at above the 60dEMA level and started to reverse the downtrend. 
  • Both MACD and RSI showed weak momentum remained but was about to turn. 
  • The near-term support is at 60dEMA level.  
  • Long Entry 0.285, Target 0.315, Stop 0.270


  • Shares recently rebounded from the selloff with a surge in volume. 
  • Both MACD and RSI showed weak momentum remained but was about to turn. 
  • Long Entry 3.85, Target 4.00, Stop 3.78

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China Merchants Bank Co., Ltd. (3968 HK)

  • Shares formed a triangle pattern, and prices recovered for 4 consecutive trading days with an increase in volume.
  • Both MACD and RSI showed early signs of upward momentum. 
  • Long – Entry: 63.5, Target: 66.5, Stop: 62

China National Building Material Co Ltd (3323 HK)

  • Shares broke out of the downward channel.
  • Both MACD and RSI were constructive, implying positive upward momentum. 
  • Long – Entry: 9.1, Target: 9.75, Stop: 8.75

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