vested
Dairy Farm Intl ST: the RSI is oversold <DAIR.SI>
Click here to see our chart:
https://private.tradingcentral.com/char ... 003951.gif
Our pivot point stands at 8.14.
Our preference: the downside prevails as long as 8.14 is resistance.
Alternative scenario: above 8.14, look for 8.39 and 8.54.
Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case).
The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock istrading under both its 20 and 50 day MA (respectively at 8.49 and 8.64).
Finally, Dairy Farm Intl is trading below its lower daily Bollinger band (standing at 7.84).
Dairy Farm Intl is currently trading near its 52 week low at 7.63 reached on 05/08/15.
Supports and resistances: 8.54 **8.39 *8.14 **8.05 7.71 last 7.35 7.21 **7.07 *6.93 **
Source: TRADING CENTRAL