Super Group/Singapore ST: short term rebound

2014-03-31 01:57:00

Alternative scenario: the downside breakout of 3.42 would call for 3.27 and 3.18.

Our pivot point is at 3.42.

Our preference: short term rebound.

Alternative scenario: below 3.42, expect 3.27 and 3.18.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day MA (3.54) but below its 50 day MA (3.65).

Supports and resistances:
4.03 **
3.94 *
3.85 **
3.76
3.55 last
3.48
3.42 **
3.27 *
3.18 **
 



DYODD