Xinyi Solar ST: target 3.56

4.48 is our pivot point.

Our preference: target 3.56.

Alternative scenario: above 4.48, look for 4.79 and 4.96.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day MA (4.33) but above its 50 day MA (4.05).

Support and resistances:
4.9600
4.7900
4.4800
4.1300 Last
3.5600
3.3900
3.2200

Updated Time: 17/05/2019 07:54 PM