Disclaimer

Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Saturday, March 21, 2009

Raffles Education 200309

Raffles Edu just about managed to stay above the 0.400 support (green --) today. However, volume was extremely low (about 1.7k lots), compared to a volume of 37.6m lots done on 10 mar, a day after Raffles Edu broke the 0.400 support.

As you can see from the chart, the 0.400 level is quite an important support for Raffles Edu. If it can hold on to this support, we could see Raffles Edu attempt to build a base and test the 0.430 resistance (red ...).

If Raffles Edu breaks the 0.400 support (green --), we could see it re-visit the 0.380 support (green ...).

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For monday :

Support @ 0.405, 0.400 (mid blue, green --), 0.395 (mid red), 0.383 (low red), 0.380 (green ...), 0.370 (low blue, lightblue --)

Resistance @ 0.415 (blue ...), 0.420 (upp red), 0.425 (red ...), 0.435 (upp blue), 0.440 (red --)
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