Technical Analysis – 8 February 2023
United States | Singapore | Hong Kong
Tesla Inc (TSLA US)
- Shares closed at a high since December 2022 above the 5dEMA with rising volumes. The 20dEMA crossed the 50dEMA.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 200 (buy-stop) Target 220 Stop 190
Canadian Solar Inc (CSIQ US)
- Shares formed a bullish flag and closed with an increase in volume.
- RSI is constructive, while MACD is negative.
- Long – Entry 40, Target 44, Stop 38
Yangzijiang Shipbuilding (BS6 SP)
- Shares closed higher today above the 5dEMA. 20dEMA is about to cross the 50dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 1.29, Target 1.37, Stop 1.25
Innotek Ltd. (M14 SP)
- Shares closed higher above the 200dEMA today.
- MACD is positive, RSI is constructive.
- Long – Entry 0.515, Target 0.550, Stop 0.490
China Resources Power Holdings Co Ltd (836 HK)
- Shares closed above the 5dEMA with a surge in volume.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 16.8, Target 18.0, Stop 16.2
Huaneng Power International Inc (902 HK)
- Shares closed at a high since January above the 5dEMA with an increase in volume. The 50dEMA crossed the 200dEMA.
- RSI is constructive and MACD is positive.
- Long – Entry: 3.98, Target: 4.38 Stop: 3.78
