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Welcome To An Intriguing Summer As We Witness Another Wave Of Turbulence
 
Singapore

Broadway
 

In the midst of the gloomy outlook, Broadway is buckling against the bearish condition of the general market.  The uptrend is still intact for Broadway as it manages to trade above the 20 and 50-day moving averages. The MACD trend indicator continues to hover above its centerline and Stochastic oscillator remains on its upward trek towards the 80% overbought region. Observations from these indicators suggest that upside momentum is still intact. A break above the immediate resistance at $1.19 may see a re-test of its current historical high of $1.26. However a violation below the immediate support at $1.07 may damage the bullish trend to open up the floodgate for the bears to test the next support at $0.96.

 
 
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