Alternative scenario: the upside breakout of 0.622 would call for 0.657 and 0.678.

Our pivot point stands at 0.622.

Our preference: as long as 0.622 is resistance look for 0.528.

Alternative scenario: above 0.622, look for 0.657 and 0.678.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the stock is trading above its 20 day MA (0.59) but under its 50 day MA (0.6).

Supports and resistances:
0.678 **
0.657 *
0.622 **
0.609
0.595 (SGD-last)
0.549
0.528 **
0.507 *
0.487 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-12-2018 at 03:52 UTC+1
Price reference: 0.60 last known on 09-12-2018 at 03:52 UTC+1
Investment horizon: ST

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