On Friday, RafflesEdu re-test the resistance at $0.3 and closed at $0.3 with HIGH volume of 35.44 million shares traded.
A bearish Harami cross candle stick with long upper/lower shadow indicates that the rally has lost it momentum and investors are hesitant in buying further up.
Both RSI & MACD are bullish despite RSI at overbought region.
Important Resistance of RafflesEdu: $0.3
Immediate Support of RafflesEdu: $0.28
Currently prices are resisted by 200 days MA at $0.3 and supported at 100 days MA at $0.28.
For the past 3 trading days, Raffles Edu has been trending upwards with high volume though investors began to take profit on Friday.
With RSI at overbought, we would not encourage buying at all.
If vested, do watch if prices can break $0.3/0.31 resistance (200 days MA) since it is a very strong resistance.
Once $0....
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