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Sunny Optical ST: as long as 109.9 is support look for 131.1
Trading Central | 2019-09-17 20:19:00

Our preference: as long as 109.9 is support look for 131.1.

109.9 is our pivot point.

Our preference: as long as 109.9 is support look for 131.1.

Alternative scenario: the downside breakout of 109.9 would call for 102.8 and 98.7.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 110.86 and 97.92). Sunny Optical is currently trading near its 52 week high reached at 120.4 on 09/09/19.

Supports and resistances:
139.6 **
135.3 *
131.1 **
126.7
116.5 (HKD-last)
112.6
109.9 **
102.8 *
98.7 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-17-2019 at 22:19 UTC+1
Price reference: 116.50 last known on 09-17-2019 at 22:19 UTC+1
Investment horizon: ST

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