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Hi-P International ST: the upside prevails as long as 1.61 is support
Trading Central | 2017-10-25 00:01:00

Alternative scenario: the downside breakout of 1.61 would call for 1.5 and 1.43.

1.61 is our pivot point.

Our preference: the upside prevails as long as 1.61 is support.

Alternative scenario: the downside breakout of 1.61 would call for 1.5 and 1.43.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 1.55 and 1.45). Hi-P International is currently trading near its 52 week high reached at 1.77 on 16/10/17.

Supports and resistances:
2.1 **
2.03 *
1.96 **
1.89
1.705 (SGD-last)
1.66
1.61 **
1.5 *
1.43 **

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