RafflesEdu - My Stocks Investing

Raffles Education: Start to Get Bullish?

Post author:Marubozu
Post published:January 6, 2011

Raffles Education breaks out from a Falling Wedge today with a spike in trading volume. Could this be a start of the bull run for RafflesEdu? I think not yet. To be safe on a good entry, need to watch out for the following:

RafflesEdu immediately face a 200D MA resistance after the breakout. Need to see whether the bull has enough steam to pierce through this 200D MA resistance with healthy volume.
If this 200D MA resistance is broken, we need to watch whether the pull back of the stock price can stay above this 200D MA, ie. make the resistance becomes support.
Also take note that the 200D MA long term trend is still sloping down.
Need to watch the 20D, 50D and 200D MA crossover to confirm the downtrend has stopped and reverse to the up trend.

How Low can Raffles Education Go?

Post author:Marubozu
Post published:December 7, 2010

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).

Raffles Education: Moving Sideway

Post author:Marubozu
Post published:October 28, 2010

Raffles Education continues to move sideway for the past 5 months. Next immediate support is at $0.265, followed by $0.164 (123.6% Fibonacci Retracement Level). Note that RafflesEdu is on long term down trend as 200D MA is slopping down.