On Friday, RafflesEdu re-test the resistance at $0.3 and closed at $0.3 with HIGH volume of 35.44 million shares traded.
A bearish Harami cross candle stick with long upper/lower shadow indicates that the rally has lost it momentum and investors are hesitant in buying further up.
Both RSI & MACD are bullish despite RSI at overbought region.
Important Resistance of RafflesEdu: $0.3
Immediate Support of RafflesEdu: $0.28
Currently prices are resisted by 200 days MA at $0.3 and supported at 100 days MA at $0.28.
For the past 3 trading days, Raffles Edu has been trending upwards with high volume though investors began to take profit on Friday.
With RSI at overbought, we would not encourage buying at all.
If vested, do watch if prices can break $0.3/0.31 resistance (200 days MA) since it is a very strong resistance.
Once $0.31 breached with high volume, we would safely said the reversal for raffles edu has been triggered.
On Friday, Capitaland re-test the support at $3.84 and closed at $3.88 with HIGH volume of 13.72 million shares traded.
A black candle stick with long lower shadow similar to shooting star indicates the weakness of the rally as bears attempt to short it down.
Both RSI & MACD are bullish despite RSI near overbought region.
Important Resistance of Capitaland: $3.90
Immediate Support of Capitaland: $3.84
Currently prices are resisted by 100 days MA at $3.90 and supported at 200 days MA at $3.84.
It is impossible to buy now since prices are way too high.
In fact, we would like to warn investors that the candle sticks for past 2 trading days already shown signs of weakness.
Watch for $3.84 support if vested and consider taking profit if it is breached under heavy volume.
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