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MobileOne ST: the RSI is oversold
Trading Central | 2017-08-01 00:42:00

Alternative scenario: the upside breakout of 1.88 would call for 1.97 and 2.02.

Our pivot point is at 1.88.

Our preference: the downside prevails as long as 1.88 is resistance.

Alternative scenario: above 1.88, look for 1.97 and 2.02.

Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 1.98 and 2.13). MobileOne is currently trading near its 52 week low at 1.78 reached on 28/07/17.

Supports and resistances:
2.02 **
1.97 *
1.88 **
1.85
1.805 (SGD-last)
1.68
1.63 **
1.58 *
1.53 **

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