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UMS ST: target 0.84
Trading Central | 2017-12-07 00:16:00

The MACD must penetrate its zero line to expect further downside.

Our pivot point is at 1.05.

Our preference: target 0.84.

Alternative scenario: the upside breakout of 1.05 would call for 1.13 and 1.17.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day MA (1.08) but above its 50 day MA (0.97).

Supports and resistances:
1.17 **
1.13 *
1.05 **
1.02
0.975 (SGD-last)
0.89
0.84 **
0.8 *
0.76 **

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