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Mewah International Inc ST: the upside prevails as long as 0.274 is support
Trading Central | 2018-05-24 22:46:00

The MACD is positive and above its signal line.

Our pivot point is at 0.274.

Our preference: the upside prevails as long as 0.274 is support.

Alternative scenario: the downside breakout of 0.274 would call for 0.254 and 0.242.

Comment: the RSI is above 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 0.29 and 0.29).

Supports and resistances:
0.351 **
0.338 *
0.326 **
0.314
0.29 (SGD-last)
0.282
0.274 **
0.254 *
0.242 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 05-25-2018 at 00:46 UTC+1
Price reference: 0.29 last known on 05-25-2018 at 00:46 UTC+1
Investment horizon: ST

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