On Thursday, TigerAir re-tests the 20 days MA resistance and closed at $0.71 with LOW volume of 0.575 million shares traded.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of TigerAir: $0.725
Immediate Support of TigerAir: $0.695
Currently prices are resisted by 20/100/200 days MA at $0.725
The selling pressure seem to eased since 15/Nov as prices rebound on the support of $0.695.
The support at $0.695 is expected to be very strong.
However we would like to highlight that the rebound was under weak buying pressure and the rally may not be sustainable. Do watch for the support at $0.695 if vested.
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