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Straits Times 3,114.16 -11.98 -0.38%
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Shenzhou International Group ST: as long as 101.3 is support look for 117.4
Trading Central | 2019-07-11 23:12:00

Our preference: as long as 101.3 is support look for 117.4.

Our pivot point is at 101.3.

Our preference: as long as 101.3 is support look for 117.4.

Alternative scenario: the downside breakout of 101.3 would call for 96.2 and 93.2.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day MA (respectively at 104.58 and 100.9). Shenzhou International Group is currently trading near its 52 week high reached at 111.8 on 02/07/19.

Supports and resistances:
123.6 **
120.5 *
117.4 **
114.3
107.4 (HKD-last)
103.3
101.3 **
96.2 *
93.2 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-12-2019 at 01:12 UTC+1
Price reference: 107.40 last known on 07-12-2019 at 01:12 UTC+1
Investment horizon: ST

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