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Mapletree Logistics Trust ST: above its upper Bollinger band
Trading Central | 2019-06-12 22:46:00

The configuration is positive.

Our pivot point stands at 1.49.

Our preference: the upside prevails as long as 1.49 is support.

Alternative scenario: the downside breakout of 1.49 would call for 1.45 and 1.42.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 1.49 and 1.48). Finally, Mapletree Logistics Trust is trading above its upper Bollinger band (standing at 1.55). Mapletree Logistics Trust is currently trading near its 52 week high reached at 1.57 on 12/06/19.

Supports and resistances:
1.71 **
1.68 *
1.66 **
1.63
1.56 (SGD-last)
1.51
1.49 **
1.45 *
1.42 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 06-13-2019 at 00:46 UTC+1
Price reference: 1.56 last known on 06-13-2019 at 00:46 UTC+1
Investment horizon: ST

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