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Silverlake Axis ST: target 0.494
Trading Central | 2019-07-07 22:17:00

The MACD must penetrate its zero line to expect further downside.

0.551 is our pivot point.

Our preference: target 0.494.

Alternative scenario: above 0.551, look for 0.571 and 0.583.

Comment: the RSI is below 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 (0.55) but above its 50 day MA (0.53).

Supports and resistances:
0.583 **
0.571 *
0.551 **
0.543
0.535 (SGD-last)
0.506
0.494 **
0.483 *
0.471 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-08-2019 at 00:17 UTC+1
Price reference: 0.54 last known on 07-08-2019 at 00:17 UTC+1
Investment horizon: ST

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