On Friday, Straits Asia re-tests the resistance at $2.59 and closed at $2.58 with LOW volume of 2.07 million shares traded.

A white candle sticks with little upper shadow affirms to the attempt that bulls are trying to rebound off the $2.54 support.

Both RSI & MACD are bearish as MACD perform a “cross down” on Friday.

Important Resistance of Straits Asia: $2.59

Immediate Support of Straits Asia: $2.54

Currently prices are supported by the 20/100 days MA at $2.54.

On 14/April, $2.59 support is broken with high trading volume and trigger a re-test on $2.54 support.

On 15/April, prices merely rebound slightly as the bear cover with low buying volume.

We would not suggest buying now since StraitsAsia is under selling pressure as proven by the high selling pressure and MACD cross down.
$2.40 support will be the ideal ...