Alternative scenario: the upside breakout of 1.92 would call for 2.01 and 2.06.
Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Decline |
---|---|
Change In Short Term View | None |
Medium Term View (Bullish, Range, Bearish) |
Range |
Change In Medium Term View | None |
Our pivot point stands at 1.92.
Our preference: the downside prevails as long as 1.92 is resistance.
Alternative scenario: above 1.92, look for 2.01 and 2.06.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 1.85 and 1.87). IHH Healthcare Bhd is currently trading near its 52 week high reached at 1.95 on 15/10/18.
Supports and resistances:
2.06 **
2.01 *
1.92 **
1.89
1.84 (SGD-last)
1.73
1.68 **
1.63 *
1.58 **
Head of Research at TRADING CENTRAL: Remy GAUSSENS
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Written on 09-22-2019 at 11:43 UTC+1
Price reference: 1.84 last known on 09-22-2019 at 11:43 UTC+1
Investment horizon: ST
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