Thursday, August 23, 2012
Raffles Edu (technical)
Raffles Edu: Counter appears to have bottomed out and is turning positive in the near-term. Stochastics and RSI are up from oversold levels, MACD is also moving into positive territory. Resistance seen at $0.39-0.395 lvls Prev recent low at $0.355 serves as support lvl. Longer-term trend is still negative however with 50 day SMA still below 200 day SMA. Raffles Edu has guided for a loss for FY2012 results expected on or abt 24 Aug 2012.