[Trading Central] Qingdao Haier: under pressure below 33.5
23 Feb 2021 16:43
The MACD is below its signal line and positive.
Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Decline |
Change In Short Term View |
Limited Rise to Decline |
Medium Term View (Bullish, Range, Bearish) |
Bullish |
Change In Medium Term View |
None |
Our pivot point stands at 33.5.
Our preference: under pressure below 33.5.
Alternative scenario: above 33.5, look for 36.5 and 38.3.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 33.0915 and 31.0168).
Supports and resistances:
32.4
25.8

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Source: ShareInvestor Express