Shares & Derivatives
Stock Chart: StraitsAsia, SGX!
By Dou  •  December 18, 2010
On Friday, StraitsAsia re-test the support at $2.39 and closed at $2.40 with HIGH volume of 10.34 million shares traded. A black candle stick with upper shadow affirms that traders have no qualms on selling this stock. Both RSI & MACD are bearish as RSI continue to trend downwards. Important Resistance of StraitsAsia: $2.55 Immediate Support of StraitsAsia: $2.39 Currently prices are resisted by the 50 days MA. After the recent selling down, prices have finally reached its first major support at $2.39. The support at $2.39 is expected to be strong and may be a good level for entry if interested. However investors are encourage to wait for consolidation along the support level before entry due to recent heavy selling in Straits Asia. On Friday, SGX re-test the support at $8.30 and closed at $8.38 with HIGH volume of 6.......
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By Dou
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