Shares & Derivatives
Stock Chart: StraitsAsia, Osim!
By Dou  •  December 7, 2010
On Tuesday, StraitsAsia broke the support at $2.59 and closed at $2.55 with HIGH volume of 15.15 million shares traded. A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow).  This usually implies a continuation of a bearish trend.  The two candles preceding the falling window were black, which makes this pattern even more bearish. Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. Both RSI & MACD are bearish as MACD perform a “cross down” today. Important Resistance of StraitsAsia: $2.59 Immediate Support of StraitsAsia: $2.48 Currently prices are resisted by the 20 days MA at $2.59 StraitsAsia has been under heavy selling pressure for the past 2 days and we would ......
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By Dou

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