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Straits Times 3,114.16 -11.98 -0.38%
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Shenzhen Sunway Communication ST: as long as 31.9 is support look for 40.9
Trading Central | 2019-09-17 20:17:00

The MACD is below its signal line and positive.

Our pivot point stands at 31.9.

Our preference: as long as 31.9 is support look for 40.9.

Alternative scenario: the downside breakout of 31.9 would call for 29.1 and 27.4.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day MA (respectively at 33.96 and 29.97).

Supports and resistances:
44.4 **
42.6 *
40.9 **
39.1
34.9 (CNY-last)
33
31.9 **
29.1 *
27.4 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-17-2019 at 22:17 UTC+1
Price reference: 34.90 last known on 09-17-2019 at 22:17 UTC+1
Investment horizon: ST

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