Things to watch out for trend reversal (ie. stock price to move up)
- The stock price breaks the falling wedge resistance with healthy volume.
- The stock price stay above the falling wedge resistance turned support line.
- The stock price cross 20D MA.
Tuesday, December 15, 2009
Raffles Education is Falling Down, Faling Down, Falling Down!
Raffles Education continues to fall in the down trend and forming falling wedge. The stock price is currently below 20D, 50D and 200D MA and the chart is very bearish.
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