Boustead (technical)

Boustead: On the longer term, uptrend still looks to be intact. RSI and Stochastics are currently at the oversold regions as the strength looks to be weakening at the current ADX levels. However, the recent crossover of the 20MA and 50MA on 10 Jun does not provide a positive near-term outlook for the counter. The closest support is at $1.25, followed by $1.20. Near-term resistance at the 20MA level of $1.385.