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Shandong Dong-E E-Jiao-A ST: short term rebound towards 34.4
Trading Central | 2019-09-17 23:24:00

Alternative scenario: the downside breakout of 30.5 would call for 29.4 and 28.7.

Our pivot point stands at 30.5.

Our preference: short term rebound towards 34.4.

Alternative scenario: the downside breakout of 30.5 would call for 29.4 and 28.7.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day MA (respectively at 32.12 and 32.94). Shandong Dong-E E-Jiao-A is currently trading near its 52 week low at 30.17 reached on 15/08/19.

Supports and resistances:
35.8 **
35.2 *
34.4 **
33.7
31.49 (CNY-last)
31
30.5 **
29.4 *
28.7 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-18-2019 at 01:24 UTC+1
Price reference: 31.49 last known on 09-18-2019 at 01:24 UTC+1
Investment horizon: ST

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