Straits Asia Resources (SAR): Sayonara Uptrend?

SAR has reached the top and looks like reversing the uptrend and also break the usually reliable 20D and 50D MA support.

  • Immediate support is $2.89, breaking this support may send SAR to $2.65 which is the 61.8% Fibonacci Retracement Level and also the 200D MA.
  • Immediate resistance is $3.00 which is the psychological resistance and also the 20D/50D MA.


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