Xinyi Solar ST: the downside prevails as long as 4.79 is resistance

4.79 is our pivot point.

Our preference: the downside prevails as long as 4.79 is resistance.

Alternative scenario: the upside breakout of 4.79 would call for 5.2 and 5.45.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 4.9506 and 5.3358).

Support and resistances:
5.4500
5.2000
4.7900
4.2900 Last
3.4700
3.2400
3.0100

Updated Time: 13/06/2024 09:26 PM