Technical Analysis – 9 June 2022
United States | Singapore | Hong Kong
Xpeng Inc – ADR (XPEV US)
- Shares formed a triple buttom and resumed an uptrend. The stock gapped up and closed at an intraday high with a jump in volume. The 5dEMA had crossed the 50dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 26.5, Target 31.5, Stop 24.0
Salesforce Inc (CRM US)
- Shares formed a bullish flag pattern and held up above the 5dEMA.
- Both MACD and RSI are constructive.
- Long – Entry 187, Target 205, Stop 178
Rex International Holding Ltd (REXI SP)
- Shares have been trading near the 5dMA and are on a healthy uptrend.
- 5dMA crossed the 60dMA recently.
- Both MACD and RSI are constructive.
- Long – Entry 0.35, Target 0.39, Stop 0.33
Samudera Shipping Line Ltd (SAMU SP)
- Shares broke the previous resistance level and closed above all 4 moving averages yesterday.
- Both MACD and RSI are constructive.
- Long – Entry 0.845, Target 0.935, Stop 0.790
Pop Mart International Group Ltd (9992 HK)
- Shares resumed an uptrend and closed at the upper bound of the consolidation with an increase in volume.The 5dEMA had crossed the 50dEMA.
- MACD and RSI are constructive.
- Long – Entry: 36.7, Target: 41.7, Stop: 34.2
Alibaba Group Holding Ltd (9888 HK)
- Shares had bottomed out. The stock closed at above a two-month high with a jump in volume. The 5dEMA had crossed the 50dEMA.
- MACD and RSI are constructive.
- Long – Entry: 105, Target: 119, Stop: 98
