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Jiangsu Hengrui Medicine ST: above its upper Bollinger band
Trading Central | 2019-02-12 09:24:00

Alternative scenario: the downside breakout of 58.2 would call for 53.4 and 50.6.

Our pivot point stands at 58.2.

Our preference: the upside prevails as long as 58.2 is support.

Alternative scenario: below 58.2, expect 53.4 and 50.6.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 58.01 and 57.98). Finally, Jiangsu Hengrui Medicine is trading above its upper Bollinger band (standing at 62.62).

Supports and resistances:
79.1 **
76 *
73.1 **
70.1
63.5 (CNY-last)
60.1
58.2 **
53.4 *
50.6 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-12-2019 at 10:24 UTC+1
Price reference: 63.50 last known on 02-12-2019 at 10:24 UTC+1
Investment horizon: ST

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