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MobileOne ST: the RSI is oversold
Trading Central | 2017-08-15 00:49:00

Our preference: short term rebound towards 1.91.

Our pivot point stands at 1.65.

Our preference: short term rebound towards 1.91.

Alternative scenario: the downside breakout of 1.65 would call for 1.57 and 1.52.

Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 1.83 and 2.04). MobileOne is currently trading near its 52 week low at 1.71 reached on 11/08/17.

Supports and resistances:
2.02 **
1.96 *
1.91 **
1.86
1.755 (SGD-last)
1.68
1.65 **
1.57 *
1.52 **

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