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Yanlord Land Group ST: as long as 1.26 is resistance look for 1.03
Trading Central | 2019-09-18 22:49:00

Alternative scenario: the upside breakout of 1.26 would call for 1.33 and 1.37.

Our pivot point stands at 1.26.

Our preference: as long as 1.26 is resistance look for 1.03.

Alternative scenario: above 1.26, look for 1.33 and 1.37.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the stock is trading above its 20 day MA (1.15) but under its 50 day MA (1.21).

Supports and resistances:
1.37 **
1.33 *
1.26 **
1.23
1.15 (SGD-last)
1.07
1.03 **
0.98 *
0.94 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-19-2019 at 00:49 UTC+1
Price reference: 1.15 last known on 09-19-2019 at 00:49 UTC+1
Investment horizon: ST

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