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GuocoLeisure Limited ST: as long as 0.746 is resistance look for 0.705
Trading Central | 2019-02-08 01:36:00

Alternative scenario: the upside breakout of 0.746 would call for 0.76 and 0.768.

Our pivot point stands at 0.746.

Our preference: as long as 0.746 is resistance look for 0.705.

Alternative scenario: the upside breakout of 0.746 would call for 0.76 and 0.768.

Comment: the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 0.74 and 0.74). GuocoLeisure Limited is currently trading near its 52 week low at 0.7 reached on 16/11/18.

Supports and resistances:
0.768 **
0.76 *
0.746 **
0.74
0.735 (SGD-last)
0.713
0.705 **
0.697 *
0.689 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-08-2019 at 02:36 UTC+1
Price reference: 0.74 last known on 02-08-2019 at 02:36 UTC+1
Investment horizon: ST

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