Alternative scenario: the upside breakout of 0.272 would call for 0.288 and 0.298.
Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Decline |
---|---|
Change In Short Term View | None |
Medium Term View (Bullish, Range, Bearish) |
Bearish |
Change In Medium Term View | None |
Our pivot point is at 0.272.
Our preference: the downside prevails as long as 0.272 is resistance.
Alternative scenario: the upside breakout of 0.272 would call for 0.288 and 0.298.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.28 and 0.3). Finally, Koh Brothers Group is trading below its lower daily Bollinger band (standing at 0.26). Koh Brothers Group is currently trading near its 52 week low at 0.26 reached on 11/07/18.
Supports and resistances:
0.298 **
0.288 *
0.272 **
0.266
0.26 (SGD-last)
0.241
0.232 **
0.222 *
0.213 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-12-2018 at 03:13 UTC+1
Price reference: 0.26 last known on 07-12-2018 at 03:13 UTC+1
Investment horizon: ST
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