On Friday, StraitsAsia continue to trend downwards and closed at $2.42 with LOW volume of 0.99 million shares traded.
A black candle stick with little upper shadow indicates that prices have issues going further up as investors choose to take profit.
Both RSI & MACD are turning flat as MACD lines began to converse together.
Important Resistance of StraitsAsia: $2.46
Immediate Support of StraitsAsia: $2.39
Currently prices are resisted by the 50 days MA.
Prices have rebounded from the $2.39/2.40 support and tried to re-test its immediate resistance at $2.46.
RSI and MACD already shown signs of easing of selling pressure and further buying pressure is expected any time soon.
If interested, do monitor if the $2.46 resistance can be broken at high volume.
On Friday, Genting SP re-tests the resistance at $2.14 and closed at $2.10 with LOW volume ......
