Shares & Derivatives
Stock Chart: StraitsAsia, Genting HK!
By Dou  •  December 1, 2010

On Wednesday, StraitsAsia re-test the resistance at $2.74 and closed at $2.70 with LOW volume of 4.53 million shares traded.

A doji star occurred (where a doji gaps above or below the previous candle).  This often signals a reversal with confirmation occurring on the next bar.

Both RSI & MACD are bullish though RSI near overbought region.

Important Resistance of StraitsAsia: $2.74

Immediate Support of StraitsAsia: $2.59

Currently prices are well above the 20/50/200 days MA.

Prices are now near the 11 months old critical resistance at $2.74.

The resistance at $2.74 is expected to be very strong, moreover the RSI already near to overbought region.

It is impossible to buy now since it is relatively high now.

If vested, do consider taking profit near $2.74 resistance or wait till support at $2.59 breached before selling off.

On Wednesday, Genting ...

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By Dou
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