Shares & Derivatives
Stock Chart: StraitsAsia, Genting SP!
By Dou  •  March 15, 2011

On Tuesday, Straits Asia re-tests the support at $2.40 and closed at $2.40 with HIGH volume of 12.91 million shares traded.

A black candle stick with long upper/lower shadow indicates that the rally has weakened and investors are taking profit on uncertainty ahead.

Both RSI & MACD are neutral as RSI trend sideway.

Important Resistance of Straits Asia: $2.55

Immediate Support of Straits Asia: $2.40

Currently prices are resisted by 100 days MA but supported by 200 days MA.

Today Straits Asia undergoes heavy profit taking as investors sell in fear with the selling volume matching to the heavy buying pressure on Monday.

We would like to warn that the rally on Monday is not sustainable and prices may decline lower due to Japan nuclear issues.

Watch for support at $2.40 if vested.

On Tuesday, Genting SP broke the support at $1.91 and ...

...
Read the full article
By Dou
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance