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Straits Times 3,488.46 -27.77 -0.79%
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GuocoLand ST: the upside prevails as long as 1.92 is support
Trading Central | 2017-08-16 01:18:00

Alternative scenario: the downside breakout of 1.92 would call for 1.87 and 1.84.

1.92 is our pivot point.

Our preference: the upside prevails as long as 1.92 is support.

Alternative scenario: the downside breakout of 1.92 would call for 1.87 and 1.84.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 1.93 and 1.9). GuocoLand is currently trading near its 52 week high reached at 2.05 on 08/08/17.

Supports and resistances:
2.16 **
2.13 *
2.1 **
2.06
1.985 (SGD-last)
1.94
1.92 **
1.87 *
1.84 **

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