On Friday, RafflesEdu broke the critical support at $0.265 and closed at $0.255 with HIGH volume of 44.78 million shares traded.
A black candle stick with lower shadow affirms that fears have gone into the investors as they went into panic selling for this company.
Both RSI & MACD are bearish as RSI continue to trend downwards.
Important Resistance of RafflesEdu: $0.265
Immediate Support of RafflesEdu: $0.25
Currently prices are resisted by 20 days MA at $0.265
On 3/Dec, RafflesEdu broke the critical support at $0.265 and trigger panic selling for the investors.
We would like to warn investors not to catch a falling knife since the selling pressure is very large.
In fact, we suspect that there might be another round of selling on the coming Monday.
Finally RafflesEdu is a very bearish stock since it has been falling in prices since ......