Raffles Education - Down Trend started!

Raffles Education closed at $0.49 with another bearish candle today. It looks like the down trend is starting soon. All other technical indicators showed weaknesses:

• Stock price below 20D, 50D and 200D MA.
• Stock price below the Parabolic SAR line.
• Stock price at lower Bollinger Band.
• MACD is becoming bearish convergence.
• RSI is moving down.
• Stochastic is bearish and at oversold region.

Immediate support at $0.485 and next support is $0.45.
I am staying out this stock until I see a trend reversal.