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NEWS WATCH Singapore Airlines ST: the upside prevails as long as 10.7 is support
Trading Central | 2018-05-16 22:19:00

Our preference: the upside prevails as long as 10.7 is support.

Our pivot point is at 10.7.

Our preference: the upside prevails as long as 10.7 is support.

Alternative scenario: below 10.7, expect 10.4 and 10.2.

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 above its 20 and 50 day MA (respectively at 10.97 and 10.95). Singapore Airlines is currently trading near its 52 week high reached at 11.5 on 25/01/18.

Supports and resistances:
12 **
11.8 *
11.7 **
11.5
11 (SGD-last)
10.8
10.7 **
10.4 *
10.2 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 05-17-2018 at 00:19 UTC+1
Price reference: 11.00 last known on 05-17-2018 at 00:19 UTC+1
Investment horizon: ST

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