Raffles Edu

Raffles Edu: From a pure technical standpoint, the stock appears to be testing its $0.495 resistance after a 6-month consolidation and is poised to stage a breakout above $0.50 towards the next target at $0.58 if there are no earnings shocks from its 4Q11 results due today after market close. Momentum indicators are also looking positive with upward sloping RSI.