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GuocoLeisure Limited ST: short term technical rebound towards 0.807 before a new drop
Trading Central | 2019-06-24 00:43:00

Alternative scenario: the upside breakout of 0.807 would call for 0.83 and 0.842.

Our pivot point is at 0.807.

Our preference: short term technical rebound towards 0.807 before a new drop.

Alternative scenario: the upside breakout of 0.807 would call for 0.83 and 0.842.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above its 20 day MA (0.78) but under its 50 day MA (0.79). GuocoLeisure Limited is currently trading near its 52 week high reached at 0.83 on 04/04/19.

Supports and resistances:
0.842 **
0.83 *
0.807 **
0.799
0.785 (SGD-last)
0.754
0.741 **
0.729 *
0.715 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 06-24-2019 at 02:43 UTC+1
Price reference: 0.79 last known on 06-24-2019 at 02:43 UTC+1
Investment horizon: ST

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