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Straits Times 3,222.63 +1.97 +0.06%
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ESR REIT ST: our next up target stands at 0.564
Trading Central | 2019-05-19 22:25:00

Alternative scenario: the downside breakout of 0.512 would call for 0.496 and 0.487.

Our pivot point is at 0.512.

Our preference: our next up target stands at 0.564.

Alternative scenario: below 0.512, expect 0.496 and 0.487.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 0.52 and 0.53). ESR REIT is currently trading near its 52 week high reached at 0.55 on 03/04/19.

Supports and resistances:
0.584 **
0.574 *
0.564 **
0.554
0.53 (SGD-last)
0.519
0.512 **
0.496 *
0.487 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 05-20-2019 at 00:25 UTC+1
Price reference: 0.53 last known on 05-20-2019 at 00:25 UTC+1
Investment horizon: ST

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