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GuocoLeisure Limited ST: as long as 0.775 is support look for 0.861
Trading Central | 2019-04-16 22:40:00

Our preference: as long as 0.775 is support look for 0.861.

Our pivot point is at 0.775.

Our preference: as long as 0.775 is support look for 0.861.

Alternative scenario: the downside breakout of 0.775 would call for 0.75 and 0.735.

Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 0.79 and 0.75). GuocoLeisure Limited is currently trading near its 52 week high reached at 0.84 on 25/04/18.

Supports and resistances:
0.892 **
0.876 *
0.861 **
0.845
0.815 (SGD-last)
0.785
0.775 **
0.75 *
0.735 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 04-17-2019 at 00:40 UTC+1
Price reference: 0.82 last known on 04-17-2019 at 00:40 UTC+1
Investment horizon: ST

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