Technical Analysis – 8 June 2022
United States | Singapore | Hong Kong
Uranium Energy Corp (UEC US)
- Shares previously formed a bullish flag pattern. The stock is forming the right shoulder to complete the head-and-shoulder pattern. The 5dEMA just crossed above the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 4.50, Target 5.35, Stop 4.08
Methanex Corp (MEOH US)
- Shares formed a bullish engulfing pattern with an increase in volume.
- Both MACD and RSI are constructive.
- Long – Entry 52.50, Target 55.25, Stop 51.15
Yangzijiang Shipbuilding Holdings Ltd (YZJSGD SP)
- Shares have been trading near the 5dMA and are on a healthy uptrend.
- Both MACD and RSI are constructive.
- Long – Entry 0.98, Target 1.05, Stop 0.95
Golden Agri-Resources Ltd (GGR SP)
- Shares closed above the 60dMA yesterday and broke the previous resistance level.
- Both MACD and RSI are constructive.
- Long – Entry 0.290, Target 0.315, Stop 0.275
China Gas Holdings Ltd (384 HK)
- Shares had bottomed out. The stock closed at a three-month high with an increase in volume.
- MACD and RSI are constructive.
- Long – Entry: 12.0 Target: 13.0, Stop: 11.5
Hong Kong Exchanges and Clearing Limited (388 HK)
- Shares had bottomed out. The stock closed at a two-month high with a jump in volume. The 5dEMA was about to cross the 50dEMA.
- MACD and RSI are constructive.
- Long – Entry: 350, Target: 370, Stop: 340
