Raffles Medical after hitting the high of 1.675 on 11th May 2016 it had since continued to trend lower to touch 1.485 on 17th June 2016.This is rather bearish.
The current price has broken down the support level at 1.515 and it now resting on the next support level at 1.485. If 1.485 cannot sustain then most probably it may continue to trend lower.
Both Macd & Rsi are still trending downwards which may be a tell tale sign that the share price may continue to trend lower.
Breaking down of 1.485 with high volume that may see it share price heading lower towards 1.435 then 1.40 with extension to 1.30.
(trade base on your own decision)
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