On Monday, RafflesEdu continue to trend sideway and closed at $0.275 with LOW volume of 5.49 million shares traded.
A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).
Both RSI & MACD are bearish as RSI remain trend gently downwards.
Important Resistance of RafflesEdu: $0.28
Immediate Support of RafflesEdu: $0.265
Currently prices are resisted by the 20/50/100 days MA at $0.28.
On 8/Nov, RafflesEdu fall off the support at $0.28 with high volume and failed to recover back above this level.
Although we do not encourage anyone to invest on this bearish stock but support at $0.265 is expected to be very strong.
Do trade with care if interested.
On Monday, Kepland continue to trend sideway and closed at $4.94 with LOW volume of 3.44 million shares traded.
A white candle stick with little upper/lower shadow indicates that investors may attempt to re-test the resistance again.
Both RSI & MACD are bullish though RSI at overbought level.
Important Resistance of Kepland: $5.05
Immediate Support of Kepland: $4.73
Currently prices are well above the 20/50/100/200 days MA
We would not suggest buying this stock now since it is at “overbought level”.
Instead we would wait till the stock pullback to near 100 days MA for entry opportunity.
Watch for the support at $4.73 in the coming week especially when China wanted to curb the inflation of property market.
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