Xinyi Solar ST: short term rebound

Our pivot point is at 11.22.

Our preference: short term rebound.

Alternative scenario: below 11.22, expect 10.12 and 9.48.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the share stands above its 20 day moving average (11.961) but below its 50 day moving average (12.9972).

Support and resistances:
16.1200
15.4400
14.7600
12.6800 Last
11.2200
10.1200
9.4800

Updated Time: 18/05/2022 06:11 AM