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Chip Eng Seng Corp ST: short term rebound towards 0.671
Trading Central | 2019-09-16 01:25:00

Our preference: short term rebound towards 0.671.

Our pivot point stands at 0.612.

Our preference: short term rebound towards 0.671.

Alternative scenario: the downside breakout of 0.612 would call for 0.589 and 0.575.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.64 and 0.68). Chip Eng Seng Corp is currently trading near its 52 week low at 0.62 reached on 26/08/19.

Supports and resistances:
0.698 **
0.685 *
0.671 **
0.657
0.63 (SGD-last)
0.621
0.612 **
0.589 *
0.575 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-16-2019 at 03:25 UTC+1
Price reference: 0.63 last known on 09-16-2019 at 03:25 UTC+1
Investment horizon: ST

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