Xinyi Solar ST: above its upper Bollinger band

Our pivot point is at 8.45.

Our preference: the upside prevails as long as 8.45 is support.

Alternative scenario: below 8.45, expect 7.5 and 6.93.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 8.33 and 7.35). Finally, Xinyi Solar is trading above its upper Bollinger band (standing at 9.25).

Support and resistances:
12.3900
11.8100
11.2200
9.4300 Last
8.4500
7.5000
6.9300

Updated Time: 05/08/2020 03:30 PM