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The MACD is negative and below its signal line.
|Short Term View
(Rise, Limited Rise, Consolidation, Limited Decline, Decline)
|Change In Short Term View||None|
|Medium Term View
(Bullish, Range, Bearish)
|Change In Medium Term View||None|
Our pivot point stands at 0.512.
Our preference: the downside prevails as long as 0.512 is resistance.
Alternative scenario: above 0.512, look for 0.534 and 0.547.
Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 0.52 and 0.54). Finally, Mewah International Inc has penetrated its lower daily Bollinger band (0.48).
Supports and resistances:
While reasonable efforts have been taken to ensure that the calculations performed by the features of this site are reliable, the features are provided on the basis that:-