Xinyi Solar ST: the upside prevails as long as 3.78 is support

Our pivot point is at 3.78.

Our preference: the upside prevails as long as 3.78 is support.

Alternative scenario: the downside breakout of 3.78 would call for 3.45 and 3.24.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 3.94 and 3.71). Xinyi Solar is currently trading near its 52 week high reached at 4.25 on 08/04/19.

Updated Time: 16/04/2019 07:53 AM