Shares & Derivatives
Stock Chart: RafflesEdu, Genting SP!
By Dou  •  December 4, 2010

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 ...

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By Dou

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