Technical Analysis – 7 September 2022
United States | Singapore | Hong Kong
Piedmont Lithium Inc. (PLL US)
- Shares formed an uptrend symmetrical triangle pattern.
- RSI is constructive, while MACD remains negative.
- Long – Entry 57.0, Target 67.0, Stop 52.0
Maxeon Solar Technologies Ltd (MAXN US)
- Shares formed an uptrend symmetrical triangle pattern.
- RSI is flat, while MACD remains negative.
- Long – Entry 19.00 Target 21.85, Stop 17.60
Samudera Shipping Line Ltd (S56 SP)
- Shares closed at an intraday high and above the 50dEMA with an increase in volume. The stock was poised to break out of the consolidation.
- RSI starts to turn upward, but MACD remains negative.
- Long – Entry 1.00, Target 1.10, Stop 0.95
Hour Glass Ltd (AGS SP)
- Shares formed a bullish engulfing with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 2.45, Target 2.35, Stop 2.30
China Shenhua Energy Company Limited (1088 HK)
- Shares formed a cup-and-handle pattern and broke out of the handle with an increase in volume.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry: 25.5, Target: 26.9, Stop: 24.8
HSBC Holdings PLC (5 HK)
- Shares closed near an intraday high and above the 5dEMA.
- RSI starts to turn upward, while MACD remains negative.
- Long – Entry: 48.50, Target: 50.15 Stop: 47.8
