On Tuesday, TigerAir broke the critical support at $0.775 and closed at $0.765 with HIGH volume of 10.14 million shares traded.
Both RSI & MACD are bullish though RSI in overbought region.
Important Resistance of TigerAir: $0.775
Immediate Support of TigerAir: $0.735
Currently prices are well above the 20/50/100/200 days MA.
Today TigerAir undergo heavy selling pressure as prices breached the critical support at $0.775. This is a bearish signal.
The support turned resistance at $0.775 is expected to be very strong.
The selling on the overbought TigerAir stocks have began today, we do not suggest to buy now on the overbought stock. In fact, selling TigerAir would be a better option.
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