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Shenzhen Salubris Pharmaceuticals ST: above its upper Bollinger band
Trading Central | 2019-02-12 09:23:00

Alternative scenario: the downside breakout of 20.4 would call for 19.3 and 18.7.

Our pivot point stands at 20.4.

Our preference: our next up target stands at 24.2.

Alternative scenario: below 20.4, expect 19.3 and 18.7.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the stock is above its 20 and 50 day MA (respectively at 20.53 and 21.77). Finally, Shenzhen Salubris Pharmaceuticals is trading above its upper Bollinger band (standing at 21.62).

Supports and resistances:
25.5 **
24.8 *
24.2 **
23.5
21.9 (CNY-last)
20.9
20.4 **
19.3 *
18.7 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-12-2019 at 10:23 UTC+1
Price reference: 21.90 last known on 02-12-2019 at 10:23 UTC+1
Investment horizon: ST

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