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Dairy Farm Intl ST: as long as 8.62 is support look for 9.62
Trading Central | 2018-07-05 01:18:00

Our preference: as long as 8.62 is support look for 9.62.

8.62 is our pivot point.

Our preference: as long as 8.62 is support look for 9.62.

Alternative scenario: the downside breakout of 8.62 would call for 8.25 and 8.04.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day MA (respectively at 8.85 and 8.68). Dairy Farm Intl is currently trading near its 52 week high reached at 8.99 on 31/05/18.

Supports and resistances:
10.06 **
9.84 *
9.62 **
9.4
8.9 (USD-last)
8.76
8.62 **
8.25 *
8.04 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-05-2018 at 03:18 UTC+1
Price reference: 8.90 last known on 07-05-2018 at 03:18 UTC+1
Investment horizon: ST

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