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China Dongfanghong Spacesat ST: rise towards 25.8
Trading Central | 2019-09-17 23:15:00

Alternative scenario: the downside breakout of 22.3 would call for 21.4 and 20.8.

Our pivot point is at 22.3.

Our preference: rise towards 25.8.

Alternative scenario: below 22.3, expect 21.4 and 20.8.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the stock is trading under its 20 day MA (23.35) but above its 50 day MA (22.86).

Supports and resistances:
27 **
26.4 *
25.8 **
25.2
23.24 (CNY-last)
22.7
22.3 **
21.4 *
20.8 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-18-2019 at 01:15 UTC+1
Price reference: 23.24 last known on 09-18-2019 at 01:15 UTC+1
Investment horizon: ST

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