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Mewah International Inc ST: gap
Trading Central | 2018-06-05 22:52:00

Alternative scenario: the upside breakout of 0.296 would call for 0.316 and 0.328.

Our pivot point is at 0.296.

Our preference: as long as 0.296 is resistance look for 0.244.

Alternative scenario: the upside breakout of 0.296 would call for 0.316 and 0.328.

Comment: the RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.28 and 0.29).

Supports and resistances:
0.328 **
0.316 *
0.296 **
0.288
0.28 (SGD-last)
0.256
0.244 **
0.232 *
0.22 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 06-06-2018 at 00:52 UTC+1
Price reference: 0.28 last known on 06-06-2018 at 00:52 UTC+1
Investment horizon: ST

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