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Hongkong Land Holdings ST: the downside prevails as long as 7.28 is resistance
Trading Central | 2018-07-09 01:22:00

The MACD is negative and below its signal line.

Our pivot point stands at 7.28.

Our preference: the downside prevails as long as 7.28 is resistance.

Alternative scenario: the upside breakout of 7.28 would call for 7.47 and 7.59.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 7.19 and 7.22).

Supports and resistances:
7.59 **
7.47 *
7.28 **
7.21
7.13 (USD-last)
6.87
6.76 **
6.65 *
6.53 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-09-2018 at 03:22 UTC+1
Price reference: 7.13 last known on 07-09-2018 at 03:22 UTC+1
Investment horizon: ST

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