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K-REIT Asia ST: the downside prevails as long as 1.16 is resistance
Trading Central | 2018-06-21 00:58:00

The MACD is below its signal line and negative.

Our pivot point stands at 1.16.

Our preference: the downside prevails as long as 1.16 is resistance.

Alternative scenario: the upside breakout of 1.16 would call for 1.19 and 1.21.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 1.16 and 1.19). K-REIT Asia is currently trading near its 52 week low at 1.09 reached on 19/06/18.

Supports and resistances:
1.21 **
1.19 *
1.16 **
1.14
1.11 (SGD-last)
1.06
1.04 **
1.02 *
1 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 06-21-2018 at 02:58 UTC+1
Price reference: 1.11 last known on 06-21-2018 at 02:58 UTC+1
Investment horizon: ST

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