United States | Singapore | Hong Kong

United States

Barrick Gold Corporation (GOLD US)

• Shares are poised to form a cup pattern.
• RSI >70, indicating overbought levels. Shares are due for correction/consolidation soon. However, MACD remains constructive.
• Long – Entry 23.51, Target 25.41, Stop 22.65

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Vale S.A. (VALE US)

• Shares formed a cup pattern and closed above the 5dMA on Friday.
• RSI >70, indicating overbought levels. Shares are due for correction/consolidation soon. However, potential upside remains, in tandem with iron ore futures.
• MACD remains constructive.
• Long – Entry 19.36, Target 23.03, Stop 17.87

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SINGAPORE

OCBC (OCBC SP)

• Key support at the 23.60% Fib of 11.56 is holding up well, as selling volumes start to ease.
• RSI has bottomed from oversold levels while MACD is still in a bearish momentum. Shares are now at the upper band of the accumulation zone for investors to enter. 
• Long – Entry 11.55, Target 12.22, Stop 11.23

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Halcyon Agri (HACL SP)

• Shares have formed the bullish “cup and handle” chart pattern. 
• However, shares are likely to consolidate at this level for some time given that momentum indicators are slightly bearish. 
• Long – Entry 0.26, Target 0.295, Stop 0.245

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HONG KONG

PetroChina Company Limited (857 HK)

• Shares are edging up with rising volumes. The stock has been trending upward.  
• MACD is about to turn positive, and RSI is constructive. 
• Long – Entry: 4.20 Target: 4.60, Stop: 4.00

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COSCO SHIPPING Holdings Co., Ltd.  (1919 HK)

• Shares have formed an inverted head and shoulder pattern. The stock also formed a bullish flag pattern over the past two trading days.
• MACD is constructive, while RSI is at an overbought level. 
• Long – Entry: 17.0, Target: 18.7, Stop: 16.1

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