Wednesday, December 23, 2015

ST Engineering: Pushing upwards as per call issued yesterday morning 9.11am?

Hit a high at 3.05 today, can that clear out too?

Sent: Tuesday, December 22, 2015 9:11 AM
Subject: ************** ST Engineering: Breakout seen above the CRITICAL 3.00 psychological resistance, price 3.01
St Engineering has been trading below the 3.00 mark for more than a month and today we have seen a breakout on stronger than average volume. 20 day MA line is starting to reverse upwards with this move, more confirmation on clearing of 3.02 – 3.03 sellers as well where we can expect a trade back up to 3.10 then 3.25 first. MACD sloping upwards after a crossover and heading above the zero mark soon especially if it can hold above 3.00 now. Let’s see. Bullish short term as long as this new support holds with RSI also showing strength.

No comments:

Post a Comment