Xinyi Solar ST: short term rebound towards 16.2

11.8 is our pivot point.

Our preference: short term rebound towards 16.2.

Alternative scenario: the downside breakout of 11.8 would call for 10.42 and 9.6.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 13.377 and 14.4664).

Support and resistances:
17.9400
17.0600
16.2000
13 Last
11.8000
10.4200
9.6000

Updated Time: 02/05/2021 07:21 PM