Alternative scenario: the downside breakout of 0.892 would call for 0.877 and 0.868.
Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Rise |
---|---|
Change In Short Term View | Limited Decline to Rise |
Medium Term View (Bullish, Range, Bearish) |
Bullish |
Change In Medium Term View | None |
Our pivot point stands at 0.892.
Our preference: the upside prevails as long as 0.892 is support.
Alternative scenario: the downside breakout of 0.892 would call for 0.877 and 0.868.
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 trading above both its 20 and 50 day MA (respectively at 0.9 and 0.9). Manulife US REIT is currently trading near its 52 week high reached at 0.92 on 20/09/19.
Supports and resistances:
0.967 **
0.958 *
0.949 **
0.938
0.915 (USD-last)
0.899
0.892 **
0.877 *
0.868 **
Head of Research at TRADING CENTRAL: Remy GAUSSENS
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Written on 10-09-2019 at 19:48 UTC+1
Price reference: 0.92 last known on 10-09-2019 at 19:48 UTC+1
Investment horizon: ST
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