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Foshan Haitian Flavouring & Food ST: as long as 104.1 is support look for 119.5
Trading Central | 2019-09-17 17:34:00

Our preference: as long as 104.1 is support look for 119.5.

Our pivot point is at 104.1.

Our preference: as long as 104.1 is support look for 119.5.

Alternative scenario: the downside breakout of 104.1 would call for 99.4 and 96.5.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is below its 20 day MA (110.02) but above its 50 day MA (104.01). Foshan Haitian Flavouring & Food is currently trading near its 52 week high reached at 115.3 on 02/09/19.

Supports and resistances:
125.4 **
122.5 *
119.5 **
116.7
108.44 (CNY-last)
106.1
104.1 **
99.4 *
96.5 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-17-2019 at 19:34 UTC+1
Price reference: 108.44 last known on 09-17-2019 at 19:34 UTC+1
Investment horizon: ST

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