Straits Asia broke the 20D MA, 50D MA and 61.8% Fibonacci Retracement resistance in the last trading day. The stock also looks like breaking out from a falling wedge.  If this breakout is successful, the price target is $2.60. The next immediate resistance is about $2.10 which is the 200D MA resistance. $2.00 should be a strong support. All other technical indicators like MACD, Stochastic, RSI, Parabolic SAR, Bollinger Band show the bullish strength. This level looks like a good entry level.