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Dairy Farm Intl ST: above its upper Bollinger band
Trading Central | 2018-07-09 01:22:00

Alternative scenario: the downside breakout of 8.71 would call for 8.34 and 8.13.

8.71 is our pivot point.

Our preference: the upside prevails as long as 8.71 is support.

Alternative scenario: below 8.71, expect 8.34 and 8.13.

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 8.87 and 8.7). Finally, Dairy Farm Intl is trading above its upper Bollinger band (standing at 9.04). Dairy Farm Intl is currently trading near its 52 week high reached at 9.09 on 09/07/18.

Supports and resistances:
10.19 **
9.97 *
9.75 **
9.53
9.06 (USD-last)
8.86
8.71 **
8.34 *
8.13 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-09-2018 at 03:22 UTC+1
Price reference: 9.06 last known on 07-09-2018 at 03:22 UTC+1
Investment horizon: ST

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