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Hi-P International ST: as long as 1.5 is support look for 2
Trading Central | 2019-04-09 00:17:00

Our preference: as long as 1.5 is support look for 2.

Our pivot point is at 1.5.

Our preference: as long as 1.5 is support look for 2.

Alternative scenario: below 1.5, expect 1.34 and 1.24.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day MA (1.65) but above its 50 day MA (1.35).

Supports and resistances:
2.21 **
2.11 *
2 **
1.9
1.63 (SGD-last)
1.57
1.5 **
1.34 *
1.24 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 04-09-2019 at 02:17 UTC+1
Price reference: 1.63 last known on 04-09-2019 at 02:17 UTC+1
Investment horizon: ST

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