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GuocoLeisure Limited ST: the downside prevails as long as 0.742 is resistance
Trading Central | 2019-02-27 01:04:00

The MACD is below its signal line and negative.

Our pivot point stands at 0.742.

Our preference: the downside prevails as long as 0.742 is resistance.

Alternative scenario: the upside breakout of 0.742 would call for 0.756 and 0.765.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading above its 20 day MA (0.73) but under its 50 day MA (0.73). GuocoLeisure Limited is currently trading near its 52 week low at 0.7 reached on 16/11/18.

Supports and resistances:
0.765 **
0.756 *
0.742 **
0.736
0.73 (SGD-last)
0.712
0.704 **
0.695 *
0.686 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-27-2019 at 02:04 UTC+1
Price reference: 0.73 last known on 02-27-2019 at 02:04 UTC+1
Investment horizon: ST

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