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Straits Times 3,212.10 -1.55 -0.05%
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Dow Jones 25,502.32 -460.19 -1.77%
Shanghai Composite 3,104.15 +2.69 +0.09%
Hong Fok Corp ST: target 0.656
Trading Central | 2019-02-01 09:07:00

Alternative scenario: the upside breakout of 0.721 would call for 0.74 and 0.752.

Our pivot point is at 0.721.

Our preference: target 0.656.

Alternative scenario: above 0.721, look for 0.74 and 0.752.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day MA (0.69) but above its 50 day MA (0.68).

Supports and resistances:
0.752 **
0.74 *
0.721 **
0.713
0.69 (SGD-last)
0.667
0.656 **
0.644 *
0.633 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-01-2019 at 10:07 UTC+1
Price reference: 0.69 last known on 02-01-2019 at 10:07 UTC+1
Investment horizon: ST

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