Technical Analysis – 9 December 2022
United States | Singapore | Hong Kong
Pinduoduo Inc (PDD US)
- Shares closed at a high since November 2021 with rising volumes.
- MACD is constructive, and RSI is at an overbought level.
- Long – Entry 90.0 Target 100.0 Stop 85.0
Lennar Corp (LEN US)
- Shares closed at a high since March. The 50dEMA was about to cross the 200dEMA.
- MACD is positive, and RSI is constructive.
- Long – Entry 89.1, Target 93.1 , Stop 87.1
UOL Group Limited (U14 SP)
- Shares rebounded from the 50dEMA and closed above the 5dEMA and formed a bullish engulfing pattern. The 20dEMA crossed above the 50dEMA.
- MACD and RSI are constructive.
- Long – Entry 6.65, Target 6.95, Stop 6.50
Capitaland Investment Ltd (9CI SP)
- Shares closed above the 200dEMA with an increase in volume and formed a bullish engulfing pattern. The 20dEMA was about to cross the 200dEMA.
- RSI is turning upward, while MACD is negative.
- Long – Entry 3.60, Target 3.75, Stop 3.53
JD Health International Inc (6618 HK)
- Shares closed at a 52-week high with an increase in volume. The 50dEMA rose above the 200dEMA.
- Both MACD is constructive, while RSI at an overbought level.
- Long – Entry 89, Target 98.5, Stop 84.3
RemeGen Co Ltd Class H (9995 HK)
- Shares rebounded from the 50dEMA and closed above the 200dEMA.
- RSI is trending upwards, and MACD is about to turn positive.
- Long – Entry: 50, Target: 58 Stop: 46
