Technical Analysis – 9 March 2023
United States | Singapore | Hong Kong
Campbell Soup Co (CPB US)
- Shares formed a symmetrical triangle pattern and closed above the 50dEMA with an increase in volume. The 5dEMA crossed the 50dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 52.0 Target 55.0 Stop 53.5
Taiwan Semiconductor Manufacturing Co Ltd (TSM US)
- Shares formed a bullish engulfing pattern and closed above the 20dEMA. The 5dEMA is about to cross the 20dEMA.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 89.50 Target 99.00 Stop 84.75
Golden Agri-Resources (GGR SP)
- Shares closed above the 5dEMA, with constructive volume over the past week. 20dEMA is about to cross the 300dEMA.
- MACD is positive, RSI is at an “overbought” level.
- Long – Entry 0.285, Target 0.300, Stop 0.275
Food Empire Holdings Ltd. (FEH SP)
- Shares close above the 5dEMA today.
- MACD is positive, RSI is at an “overbought” level.
- Long – Entry 0.87, Target 0.91, Stop 0.85
Xinte Energy Co Ltd (1799 HK)
- Shares closed above the 5dEMA and will potentially form a bullish flag pattern.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 19.6, Target 21.4, Stop 18.7
Nayuki Holdings Ltd (2150 HK)
- Shares formed a symmetrical triangle and closed above the 5dEMA.
- Both RSI and MACD are constructive.
- Long – Entry: 8.25, Target 8.90 Stop: 7.93