Friday, March 4, 2016

ST Engineering: INDEED A breakout as predicted yesterday morning..... price now at 3.11

Still looks awesome but what are the levels to take note?

Sent: Thursday, March 03, 2016 9:51 AM
Subject: ***************** ST Engineering: Potential breakout above 3.05 - 3.06..... More upside likely on a clear move... price 3.05
St Engineering has traded sideways below 3.05 since Nov last year and today it has neared this KEY RESISTANCE again with volume building up. Any firm move above 3.05 can potential see a reversal back to 3.20 then 3.40 in the near term. Watching price action for more confirmation. Indicators are looking positive at the moment with MACD above the zero mark and pulling away positively. There can be more legs to the rally above 3.05, clearing of sellers at 3.06 can be a second confirmation.

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