Z-Obee is testing a crucial support at about $0.363 (50% Fibonacci Retracement Level). If this support is broken, Z-Obee may move towards next support of $0.304 (38.2% Fibonacci Retracement Level). The current stock price is trading below all 3 moving averages of 20D, 50D and 200D which is a bearish trend.
If Synear breaks the support at $0.222 (38.2% FR Level), a “Lower High, Lower Low” bearish down trend pattern will be seen on Synear. If Synear is able to hold above this support level, A Descending Triangle chart pattern may be formed and we just need to wait for the breakout to determine future trend. Take note that all three moving averages 20D, 50D and 200D MA are trending down.
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.
