Boustead (technical)

Boustead: near term technical outlook looks weak, with RSI extending its decline below the neutral 50 mark, and MACD continuing to slide deeper into negative territory. The break below the 50day MA also suggests share price pressure and a test of the $1.30 support soon. On a downside break, $1.25 offers firmer support. Near term upside , if any, looks capped at the $1.40 resistance.