The stock is in a near term downtrend and trading near it's near term support at 1.40. At the same time, it is sitting on a trendline support. It was under selling pressure over the last couple of weeks and we see 1.58 as a near term resistance. Support can be taken at the recent low on the 28th June 2007. It was further observed that RSI indicator is in oversold and a rebound can be on the cards. 20 Days Moving Average has been a good support for StraitsAsia as highlighted in yellow.
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