Technical Analysis – 8 June 2023
United States | Singapore | Hong Kong
Nucor Corp. (NUE US)
- Shares closed above the 200dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 147, Target 161, Stop 140
Albemarle Corp. (ALB US)
- Shares closed above the 5dEMA.5dEMA just crossed the 50dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 217, Target 237, Stop 207
Banyan Tree Holdings (BTH SP)
- Shares formed an inverted hammer pattern and closed above the 5dEMA. The 20dEMA is about to cross the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 0.360, Target 0.380, Stop 0.350
Yangzijiang Shipbuilding Holdings Ltd (YZJSGD SP)
- Shares closed above the 5dEMA with a rise in volume. The 20dEMA crossed the 50dEMA.
- RSI is constructive and MACD is positive.
- Long – Entry 1.27, Target 1.35, Stop 1.23
Semiconductor Manufacturing International Co. (981 HK)
- Shares closed even higher above the 5dEMA. 5dEMA just crossed the 20dEMA the day before.
- MACD just turned positive, RSI is turning constructive.
- Long – Entry 21.6, Target 23.6, Stop 20.6
China Railway Signal & Communication Group Ltd. (3969 HK)
- Shares closed even higher above the 5dEMA. 5dEMA just crossed the 20dEMA.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 3.35, Target 3.65, Stop 3.20
