The downtrend remains intact for Straits Asia as it continues to exhibit a series of lower highs and lower lows. Interestingly, two bearish signals have been detected near the resistance at $2.60. A bearish Japanese candlestick reversal pattern called “Bearish Harami Cross” and a possible Stochastic bearish crossover signal at the overbought region. Given such negative elements, Straits Asia may see a decline to retest the support at $2.28 and a violation below it may trigger a further sell-off towards the next support at $2.17. However, a break above the immediate resistance at $2.60 may negate the bearish tone to see an upside push to test the next resistance at $2.72.