Technical Analysis – 7 June 2022
United States | Singapore | Hong Kong
Freeport-McMoRan Inc (FCX US)
- Shares had resumed an uptrend and held up well above the 5dEMA. The 5dEMA was about to cross the 50dEMA
- Both MACD and RSI are constructive.
- Long – Entry 42.5, Target 45.5, Stop 41.0
Louisiana-Pacific Corporation (LPX US)
- Shares retested the 200dEMA and resumed an uptrend above the 5dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 74, Target 78, Stop 72
LHN Logistics Ltd (LHNL SP)
- Shares are forming a cup pattern on higher than average trading volumes yesterday.
- RSI is currently on an upward trend.
- Long – Entry 0.167, Target 0.183, Stop 0.159
First Resources Ltd (FR SP)
- Shares closed above the 5dMA yesterday.
- RSI reversed from its downtrend while MACD is converging towards the signal line.
- Long – Entry 2.01, Target 2.17, Stop 1.92
BYD Electronic (International) Co Ltd (285 HK)
- Shares had bottomed out. The stock closed near a three-month high with a jump in volume. The 5dEMA had crossed the 50dEMA.
- MACD and RSI are constructive.
- Long – Entry: 18.5 Target: 22.0, Stop: 16.8
Sunny Optical Technology (Group) Co. Ltd (2382 HK)
- Shares had bottomed out. The stock closed at a two-month high with a jump in volume. The 5dEMA just crossed the 50dEMA.
- MACD and RSI are constructive.
- Long – Entry: 125, Target: 140, Stop: 117
