Technical Analysis – 8 September 2022
United States | Singapore | Hong Kong
Mondelez International, Inc. (MDLZ US)
- Shares was poised to form a head-and-shoulder pattern.
- RSI rebounds from an oversold level, but MACD remains negative.
- Long – Entry 61.0, Target 63.5, Stop 60.0
Target Corporation (TGT US)
- Shares broke out of the consolidation and closed near an intraday high with an increase in volume.
- MACD starts to turn positive, and RSI turns upward.
- Long – Entry 167.0 Target 180.0, Stop 160.5
Chip Eng Seng Corporation Ltd (C29 SP)
- Shares closed at another three-year high on its weekly chart.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 0.70, Target 0.80, Stop 0.65
Hour Glass Ltd (AGS SP)
- Shares formed doji pattern after forming a bullish engulfing with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 2.35, Target 2.45, Stop 2.30
BYD Electronic (International) Co Ltd (285 HK)
- Shares broke out of the 200dEMA and closed near an intraday high with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry: 23.5, Target: 26.0, Stop: 22.3
Haier Smart Home Co Ltd (6690 HK)
- Shares formed a bullish englufing pattern with an increase in volume.
- RSI starts to turn upward, and MACD is constructive.
- Long – Entry: 25.0, Target: 26.2 Stop: 24.4
