Technical Analysis – 7 June 2023
United States | Singapore | Hong Kong
Walt Disney Company (DIS US)
- Shares closed above the 20dEMA.
- MACD just turned positive, RSI is turning constructive.
- Long – Entry 92, Target 100, Stop 88
DraftKings Inc. (DKNG US)
- Shares closed at a 52-week high.
- MACD just turn positive, RSI is constructive.
- Long – Entry 25.80, Target 28.80, Stop 24.30
Riverstone Holdings Ltd (RSTON SP)
- Shares closed at a 1 month high above the 5dEMA with a jump in volume. The 5dEMA crossed above the 20dEMA and 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 0.605, Target 0.645, Stop 0.585
Frencken Group Ltd (FRKN SP)
- Shares tested the 20dEMA and closed below it, above the 5dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 0.895, Target 0.955, Stop 0.865
China Hongqiao Group Ltd. (1378 HK)
- Shares closed even higher above the 5dEMA. The chart also shows a double bottom and bullish flag chart pattern.
- MACD just turned positive, RSI is turning constructive.
- Long – Entry 6.10, Target 6.70, Stop 5.80
Yancoal Australia Ltd. (3668 HK)
- Shares closed above 5dEMA with a surge in volume.
- MACD is about to turn positive, RSI is turning constructive.
- Long – Entry 23.90, Target 27.90, Stop 21.90
