Technical Analysis – 8 July 2022
United States | Singapore | Hong Kong
CrowdStrike Holdings, Inc (CRM US)
- Shares had resumed an uptrend since early May and closed at a two-month high with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 185, Target 205, Stop 175
Veeva Systems Inc (VEEV US)
- Shares formed a bullsh engulfing pattern and closed at a three-month high.
- Both MACD and RSI are constructive.
- Long – Entry 208, Target 220, Stop 202
Chip Eng Seng (CHIP SP)
- After a slight pullback, share price closed above the 8/21 day EMAs, indicating that the uptrend since 13 June is still intact. Golden cross.
- RSI toppish.
- Long – Entry 0.565, Target 0.63, Stop 0.54
DFI Retail Group (DFI SP)
- Closed above 8/21 day EMAs indicating a potential breakout above the wedge
- RSI remains constructive
- Long – Entry 2.95, Target 3.20, Stop 2.85
Samsonite International S.A. (1910 HK)
- Shares formed a bullish engulfing pattern with an increase in volume. The 5dEMA was about to cross the 50dEMA.
- MACD and RSI are constructive.
- Long – Entry: 16.5, Target: 18.0, Stop: 15.8
Budweiser Brewing Company APAC Ltd (1876 HK)
- Shares formed a bullish flag pattern and a hammer pattern.
- Both MACD and RSI are constructive.
- Long – Entry: 23.0, Target: 24.9, Stop: 22.1
