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Mewah International Inc ST: gap
Trading Central | 2018-05-16 01:37:00

Alternative scenario: the downside breakout of 0.267 would call for 0.25 and 0.24.

0.267 is our pivot point.

Our preference: look for a drop towards 0.267 before a bounce.

Alternative scenario: the downside breakout of 0.267 would call for 0.25 and 0.24.

Comment: the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 0.28 and 0.29).

Supports and resistances:
0.348 **
0.337 *
0.327 **
0.316
0.29 (SGD-last)
0.273
0.267 **
0.25 *
0.24 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 05-16-2018 at 03:37 UTC+1
Price reference: 0.29 last known on 05-16-2018 at 03:37 UTC+1
Investment horizon: ST

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