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Cache Logistics Trust ST: target 0.68
Trading Central | 2019-02-09 11:00:00

Alternative scenario: the upside breakout of 0.743 would call for 0.766 and 0.779.

Our pivot point is at 0.743.

Our preference: target 0.68.

Alternative scenario: the upside breakout of 0.743 would call for 0.766 and 0.779.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day MA (0.73) but above its 50 day MA (0.71).

Supports and resistances:
0.779 **
0.766 *
0.743 **
0.734
0.72 (SGD-last)
0.693
0.68 **
0.667 *
0.653 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-09-2019 at 12:00 UTC+1
Price reference: 0.72 last known on 02-09-2019 at 12:00 UTC+1
Investment horizon: ST

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