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Straits Times 3,183.00 -20.93 -0.65%
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Singapore Technologies Engineering ST: gap
Trading Central | 2019-04-24 00:48:00

Alternative scenario: the upside breakout of 3.82 would call for 3.87 and 3.9.

3.82 is our pivot point.

Our preference: target 3.64.

Alternative scenario: the upside breakout of 3.82 would call for 3.87 and 3.9.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day MA (3.81) but above its 50 day MA (3.77). Singapore Technologies Engineering is currently trading near its 52 week high reached at 3.88 on 17/04/19.

Supports and resistances:
3.9 **
3.87 *
3.82 **
3.8
3.77 (SGD-last)
3.67
3.64 **
3.61 *
3.58 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 04-24-2019 at 02:48 UTC+1
Price reference: 3.77 last known on 04-24-2019 at 02:48 UTC+1
Investment horizon: ST

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