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Singapore Airlines ST: short term rebound
Trading Central | 2018-04-30 23:24:00

The MACD is negative and above its signal line.

Our pivot point stands at 10.6.

Our preference: short term rebound.

Alternative scenario: the downside breakout of 10.6 would call for 10.3 and 10.1.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above its 20 day MA (10.86) but under its 50 day MA (10.96). Singapore Airlines is currently trading near its 52 week high reached at 11.5 on 25/01/18.

Supports and resistances:
11.9 **
11.7 *
11.5 **
11.3
10.88 (SGD-last)
10.7
10.6 **
10.3 *
10.1 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 05-01-2018 at 01:24 UTC+1
Price reference: 10.88 last known on 05-01-2018 at 01:24 UTC+1
Investment horizon: ST

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