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Wee Hur ST: as long as 0.223 is resistance look for 0.193
Trading Central | 2019-08-22 23:22:00

The penetration of 50 on the RSI should trigger further losses.

Our pivot point is at 0.223.

Our preference: as long as 0.223 is resistance look for 0.193.

Alternative scenario: the upside breakout of 0.223 would call for 0.232 and 0.238.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.22 and 0.22).

Supports and resistances:
0.238 **
0.232 *
0.223 **
0.219
0.215 (SGD-last)
0.199
0.193 **
0.188 *
0.182 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 08-23-2019 at 01:22 UTC+1
Price reference: 0.22 last known on 08-23-2019 at 01:22 UTC+1
Investment horizon: ST

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