Technical Analysis: 9 December 2021
United States | Singapore | Hong Kong
UNITED STATES
Expedia Group Inc (EXPE US)
- Shares touched the 20dMA and rebounded yesterday
- 5dMA touched the 60dMA yesterday and looks like about to cross
- RSI on an uptrend while MACD just crossed the signal line
- Long – Entry 168.4, Target 179.7, Stop 161.1
Paypal Holdings Inc (PYPL US)
- Shares closed above the 5dMA yesterday
- RSI rebounded from the oversold territory last week and is gaining positive momentum; MACD has crossed the signal line and is diverging upwards
- Long – Entry 192.0, Target 216.0, Stop 180.0
SINGAPORE
Jardine Matheson Holdings Ltd (JM SP)
- Shares gapped and reversed the recent downtrend.
- RSI showed positive momentum of bottoming out from the oversold level, but MACD showed weak downward momentum persisted.
- Long – Entry 55.8, Target 57.5, Stop 55.0
Wilmar International Limited (WIL SP)
- Shares retested the previous low, forming a double bottom.
- MACD showed an early sign of upward momentum, and RSI showed bottoming out from an oversold level.
- Long – Entry 4.19, Target 4.29, Stop 4.14
HONG KONG
China Hongqiao Group Ltd (1378 HK)
- Shares are about to break above the 20dEMA which was strong resistance.
- Both MACD and RSI showed positive upward momentum.
- Long – Entry: 7.7, Target: 8.5, Stop: 7.3
Kingsoft Corporation Limited (3888 HK)
- Shares slowly recovered within an upward channel.
- Both MACD and RSI showed an early sign of upward momentum.
- Long – Entry: 35.5, Target: 38.5, Stop: 34.0
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