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Straits: From my analysis, smart monies have continued to enter in numbers. The pattern seen is very similar to FPGroup in terms of movement. 0.220 is the immediate support. There is big potential upside due to the fact that few retailers are playing the stock. To join our Tel3gram closed group, PM @limcwdanny or join our public channel @elite_consultinggroup.
The Dow -1500 tumble last Thursday sent all stocks including Straits into a panic selling frenzy. Glad to see that the stock is now positively rebounding. For now, the immediate resistance is 0.210, and if global markets continue to remain positive, we should see it retest 0.220 in the short term. For more analysis, join our public Tel3gram channel @elite_consultinggroup.