Technical Analysis – 8 March 2023
United States | Singapore | Hong Kong
Palantir Technologies Inc (PLTR US)
- Shares closed above the 20dEMA, potentially forming a head and shoulders pattern. The 5dEMA crossed the 20dEMA.
- RSI is constructive, while MACD is negative.
- Long – Entry 8.2 Target 9.0 Stop 7.8
Enphase Energy Inc (ENPH US)
- Shares closed above the 5dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 223.5 Target 242.5 Stop 214.0
Singapore Airlines (SIA SP)
- Shares rose above the 20dEMA with constructive volume over the past 2 days.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 5.79, Target 5.97, Stop 5.70
Genting Singapore Plc (GENS SP)
- Shares rose to a new high since Feb 2019, with constructive volume over the past week.
- MACD is positive, RSI is at an “overbought” level.
- Long – Entry 1.05, Target 1.10, Stop 1.02
China Construction Bank Corp (939 HK)
- Shares formed an inverted hammer pattern and closed above the 5dEMA with a jump in volume.
- Both RSI and MACD are constructive.
- Long – Entry 5.05, Target 5.35, Stop 4.90
Industrial and Commercial Bank of China Ltd (1398 HK)
- Shares closed above the 5dEMA with a rise in volume.
- Both RSI and MACD are constructive.
- Long – Entry: 4.14, Target 4.30 Stop: 4.06
