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Frasers Commercial Trust ST: our next up target stands at 1.72
Trading Central | 2019-08-22 23:09:00

The MACD must break above its zero level to call for further upside.

Our pivot point stands at 1.57.

Our preference: our next up target stands at 1.72.

Alternative scenario: the downside breakout of 1.57 would call for 1.52 and 1.5.

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 1.62 and 1.63). Frasers Commercial Trust is currently trading near its 52 week high reached at 1.7 on 03/07/19.

Supports and resistances:
1.77 **
1.75 *
1.72 **
1.69
1.63 (SGD-last)
1.59
1.57 **
1.52 *
1.5 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 08-23-2019 at 01:09 UTC+1
Price reference: 1.63 last known on 08-23-2019 at 01:09 UTC+1
Investment horizon: ST

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