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Parkway Life REIT ST: short term technical rebound towards 2.76 before a new drop
Trading Central | 2018-07-06 01:25:00

Alternative scenario: above 2.76, look for 2.83 and 2.87.

Our pivot point stands at 2.76.

Our preference: short term technical rebound towards 2.76 before a new drop.

Alternative scenario: the upside breakout of 2.76 would call for 2.83 and 2.87.

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 share stands above its 20 day MA (2.65) but below its 50 day MA (2.7). Parkway Life REIT is currently trading near its 52 week low at 2.58 reached on 18/06/18.

Supports and resistances:
2.87 **
2.83 *
2.76 **
2.74
2.7 (SGD-last)
2.62
2.58 **
2.54 *
2.5 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-06-2018 at 03:25 UTC+1
Price reference: 2.70 last known on 07-06-2018 at 03:25 UTC+1
Investment horizon: ST

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