Citigroup is currently testing its critical support at about $3.667. This is the support of a falling wedge and also the 61.8% Fibonacci Retracement Level, AND the 200D MA support level. If Citigroup breakdown this significant support level, the stock may start the down trend.
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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.
Jaya Holding closed today at $0.495 with a opening marubozu candle with a spike in volume and breaks out from a Symmetrical Triangle. However, it remain to be seen whether this is a successful breakout due to the past 3 attempts. One thing to note that the spike in volume in diminishing compares to the previos one, and this is not a sign for a bullish & sustainable breakout. The past three spikes in the stock price were not sustainable due to lack of volume for the next few days. If this breakout is successful, the price target is $0.58.
