Technical Analysis – 9 January 2023
United States | Singapore | Hong Kong
Costco Wholesale Corporation (COST US)
- Shares gapped up and closed above the 50dEMA with a jump in volume.
- MACD is positive, and RSI is constructive.
- Long – Entry 480.0 Target 510.0 Stop 465.0
Starbucks Corporation (SBUX US)
- Shares closed at a 52-week high with a jump in volume.
- MACD is positive, while RSI is at an overbought level.
- Long – Entry 105.0, Target 115.0, Stop 110.0
DFI Retail Group Holdings Ltd (D01 SP)
- Shares closed at a 52-week high with a jump in volume. The 50dEMA was about to cross the 200dEMA.
- MACD starts turning positive, while RSI is at an overbought level.
- Long – Entry 3.15, Target 3.30, Stop 3.08
UMS Holdings Limited (558 SP)
- Shares closed above the 20dEMA with an increase in volume.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry 1.21, Target 1.29, Stop 1.18
CRRC Corp Ltd (1776 HK)
- Shares closed at a 52-week high with a jump in volume.
- MACD starts turning positive, while RSI is at an overbought level.
- Long – Entry 3.30, Target 3.52, Stop 3.19
Xinte Energy Co Ltd (1799 HK)
- Shares closed above the 20dEMA with a jump in volume.
- MACD starts turning positive, and RSI is turning upward.
- Long – Entry: 15.0, Target: 17.6 Stop: 13.7
