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Straits Times 3,114.16 -11.98 -0.38%
Hang Seng 26,719.58 -128.91 -0.48%
Dow Jones 26,912.79 -113.09 -0.42%
Shanghai Composite 2,938.14 -39.19 -1.32%
Huadong Medicine ST: target 24.8
Trading Central | 2019-09-17 23:44:00

Alternative scenario: the upside breakout of 30.1 would call for 31.9 and 33.1.

Our pivot point stands at 30.1.

Our preference: target 24.8.

Alternative scenario: above 30.1, look for 31.9 and 33.1.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day MA (29.12) but above its 50 day MA (28.03).

Supports and resistances:
33.1 **
31.9 *
30.1 **
29.4
28.14 (CNY-last)
25.9
24.8 **
23.7 *
22.7 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-18-2019 at 01:44 UTC+1
Price reference: 28.14 last known on 09-18-2019 at 01:44 UTC+1
Investment horizon: ST

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