Technical Analysis – 7 October 2022
United States | Singapore | Hong Kong
Encore Wire Corporation (WIRE US)
- Shares had been trending upward for the last two weeks with decent volumes. The 5dEMA crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 125.0, Target 134.0, Stop 120.5
Wynn Resorts Ltd (WYNN US)
- Shares continued to edge up above the 200dEMA. The 5dEMA was about to cross the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 74.0 Target 79.0, Stop 71.5
Dyna-Mac Holdings Ltd (NO4 SP)
- Shares closed above the 50dEMA with a jump in volume. The 5dEMA was about to cross the 20dEMA.
- RSI is constructive, and MACD turns positive.
- Long – Entry 0.190, Target 0.210 Stop 0.180
Yangzijiang Shipbuilding Holdings Ltd (BS6 SP)
- Shares closed at an intraday high with a jump in volume.
- RSI is constructive, while MACD remains negative.
- Long – Entry 1.07 Target 1.20, Stop 1.00
Budweiser Brewing Company APAC Ltd (1876 HK)
- Shares closed above the 50dEMA. The 5dEMA was about to cross the 20dEMA.
- RSI is turning upward, and MACD is about to turn positive.
- Long – Entry: 21.8, Target: 22.8, Stop: 21.3
Haidilao International Holding Ltd (6862 HK)
- Shares closed at a 2-week high. The 5dEMA was about to cross the 20dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 16.7, Target: 17.7 Stop: 16.2
