Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,128.45 +13.42 +0.43%
Hang Seng 26,291.84 +557.62 +2.17%
Dow Jones 25,886.01 +306.61 +1.20%
Shanghai Composite 2,883.10 +59.27 +2.10%
Gallant Venture ST: the RSI is overbought
Trading Central | 2019-02-12 09:24:00

The MACD is above its signal line and positive.

Our pivot point stands at 0.13.

Our preference: the upside prevails as long as 0.13 is support.

Alternative scenario: below 0.13, expect 0.128 and 0.127.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 0.13 and 0.13). Finally, Gallant Venture has crossed above its upper daily Bollinger band (0.14). Gallant Venture is currently trading near its 52 week high reached at 0.14 on 12/02/19.

Supports and resistances:
0.148 **
0.147 *
0.146 **
0.145
0.141 (SGD-last)
0.13
0.13 **
0.128 *
0.127 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 02-12-2019 at 10:24 UTC+1
Price reference: 0.14 last known on 02-12-2019 at 10:24 UTC+1
Investment horizon: ST

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://www.tradingcentral.com/terms-of-use/

Copyright 1999 - 2019 TRADING CENTRAL

Sign up to Daily Warrants Charter

Top 5 Today
All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.