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Wing Tai Holdings ST: short term rebound
Trading Central | 2019-09-17 23:16:00

Our preference: short term rebound.

Our pivot point is at 2.01.

Our preference: short term rebound.

Alternative scenario: the downside breakout of 2.01 would call for 1.98 and 1.96.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day MA (2.06) but below its 50 day MA (2.07). Wing Tai Holdings is currently trading near its 52 week high reached at 2.15 on 30/07/19.

Supports and resistances:
2.16 **
2.14 *
2.12 **
2.1
2.06 (SGD-last)
2.03
2.01 **
1.98 *
1.96 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-18-2019 at 01:16 UTC+1
Price reference: 2.06 last known on 09-18-2019 at 01:16 UTC+1
Investment horizon: ST

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