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 โ€“ 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. Letโ€™s see. Bullish short term as long as this new support holds with RSI also showing strength.

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