Xinyi Solar ST: short term rebound towards 9.21

Our pivot point stands at 7.32.

Our preference: short term rebound towards 9.21.

Alternative scenario: below 7.32, expect 6.76 and 6.43.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 8.0755 and 8.5372).

Support and resistances:
9.9100
9.5600
9.2100
7.8800 Last
7.3200
6.7600
6.4300

Updated Time: 31/05/2023 06:19 AM