Technical Analysis – 7 March 2023
United States | Singapore | Hong Kong
Spotify Technology SA (SPOT US)
- Shares formed a cup and handle pattern and closed above the 5dEMA with an increase in volume.
- RSI is constructive, while MACD is negative.
- Long – Entry 125.0 Target 136.0 Stop 119.5
Kroger Co (KO US)
- Shares closed above the 200dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 46 Target 50 Stop 44
Singapore Exchange Ltd. (SGX SP)
- Shares closed above the 20dEMA, with constructive volume over the past 3 days.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 8.90, Target 9.30, Stop 8.70
Wilmar International Ltd (WIL SP)
- Shares closed above the 20dEMA today.
- MACD just turned positive, RSI is constructive.
- Long – Entry 3.95, Target 4.15, Stop 3.85
China Resources Beer Holdings Co Ltd (291 HK)
- Shares closed above the 5dEMA with an increase in volume.
- Both RSI and MACD are constructive.
- Long – Entry 61, Target 67, Stop 58
AviChina Industry & Technology Co Ltd (2357 HK)
- Shares gapped up and closed above the 5dEMA with a rise in volume.
- RSI is constructive and MACD is positive.
- Long – Entry: 4.2, Target 4.6 Stop: 4.0
