On Thursday, RafflesEdu re-test the resistance at $0.28 and closed at $0.275 with LOW volume of 17.47 million shares traded.

A black candle stick with upper shadow indicates that bulls tried to push the prices above $0.28 but many choose to sell into strength.

Both RSI & MACD are turning bearish as RSI trend downwards

Important Resistance of RafflesEdu: $0.28

Immediate Support of RafflesEdu: $0.265

Currently prices are well above the 50/100 days MA.

After the recent heavy selling down, prices attempt to re-test the resistance at $0.28 for the past few days but failed.

The resistance at $0.29/$0.28 is expected to be very strong.

We would advise to watch the support at $0.265 for any consolidation if interested.

However we like to warn that Raffles Edu has a long term bearish trend and not recommended for investment purposes.

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