Raffles Education (RLS SP, $0.325)

The chairman and his wife recently bought about 4.5m RLS shares from the open market at about 28.5 cts/share. The company, too, has been actively buying back shares. The stock surged about 14% over the past two trading days. But the counter is still trading in a downtrend with prices within the descending channel. Immediate resistance at $0.345. Support at $0.28.