After hitting its year-to-date high of $2.34 on 19^th August 2009, Straits Asia has been trading sideways for three months. However based on its recent price action, it appears that Straits Asia is showing possible signs of upside revival. Firstly, it has started to trade above its 20, 50 and 100-day moving averages which were capping its price action in the past one month. Secondly, indicators such as the MACD and RSI oscillator have started to show positive signals. An interesting observation to note will be the MACD as it is attempting to do a bullish crossover above its signal line. Given all these positive technical configurations, Straits Asia looks set for a possible rally. A break above its immediate resistance at $2.33 may open the gates for the bulls to charge up towards the next stronger classical resistance at $2.83. However a violation below its immediate support at $2.10 may hurt the bullish tone to see a sell-off to test the next classical support at $1.93.