Raffles Education – In a Down Trend Channel

Raffles Education is currently on a down trend channel. The stock price is under 20D, 50D and 200D MA which is a very bearish trend. Also note that 20D MA is currently under 200D MA implies great downward momentum in the short term.

Technical Indicators like Parabolic SAR and MACD are near to show bearish convergence. RSI and Stochastic are heading down.