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Singapore Airlines ST: the downside prevails as long as 10.6 is resistance
Trading Central | 2018-07-09 01:29:00

Alternative scenario: the upside breakout of 10.6 would call for 11 and 11.2.

10.6 is our pivot point.

Our preference: the downside prevails as long as 10.6 is resistance.

Alternative scenario: above 10.6, look for 11 and 11.2.

Comment: the RSI is below its neutrality area at 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 10.85 and 11.12). Singapore Airlines is currently trading near its 52 week low at 10.01 reached on 12/07/17.

Supports and resistances:
11.2 **
11 *
10.6 **
10.5
10.35 (SGD-last)
9.8
9.6 **
9.4 *
9.2 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-09-2018 at 03:29 UTC+1
Price reference: 10.35 last known on 07-09-2018 at 03:29 UTC+1
Investment horizon: ST

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