Wednesday, March 16, 2016

ST Engineering: Indeed a move upwards as seen today, can the first target at 3.20 clear out?

Now at 3.18, let’s see…..  J

Sent: Monday, March 14, 2016 9:32 AM
Subject: ************** ST Engineering: A move above temp 3.10 - 3.12 resistance can see short term strengh back to 3.30, price 3.13
Following up from previous call, we have seen ST Engineering consolidated below the 3.12 resistance for more than a week but still maintaining above the 3.00 support level. Today we have seen a move above the temp resistance with volume building up. Any closing above this level can potential see it trade back to 3.20 then 3.30 in the short term. At current level, it has cleared above the 100 day and 200 DAY MA which can show that the mid to long term trend is turning positive. 20 day MA also about to cross the 100 day MA positively. MACD showing more legs to the rally as long as 3.10  holds as support now. Let’s see….

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