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MobileOne ST: short term rebound
Trading Central | 2017-08-22 01:37:00

Alternative scenario: below 1.72, expect 1.62 and 1.57.

Our pivot point is at 1.72.

Our preference: short term rebound.

Alternative scenario: the downside breakout of 1.72 would call for 1.62 and 1.57.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above its 20 day MA (1.78) but under its 50 day MA (1.98). MobileOne is currently trading near its 52 week low at 1.71 reached on 11/08/17.

Supports and resistances:
2.08 **
2.02 *
1.96 **
1.91
1.79 (SGD-last)
1.75
1.72 **
1.62 *
1.57 **

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