Raffles Education has broken a critical support at $0.275 that hold well for the past 6 months. RafflesEdu current chart is bearish and the down trend will continue unless RafflesEdu can stay above $0.275 (100% FR resistance and also the down trend resistance). Next support is $0.176 (123.6% Fibonacci Retracement Level).
Golden Agri (GAR) is on two years up trend but closing in two years high of $0.775. Let see whether GAR can break this resistance.
Current Price: $0.74
Base on current chart pattern, Noble Group uptrend is still intact if 50D MA support (about $2.00) is strong enough. This 50D MA support is also a uptrend support. Next immediate Resistance at $2.24.
Noble is close to 52 weeks high of $2.24 and thus upside potential may be limited. In additional, current Noble Group’s PE is 14.8 which is at the fair value.
