Saturday, February 11, 2017

Chart[38] - ST Engineering

From the upper chart, the counter swung up three twice since last year December. On both ocassions, price retreated from 3.41. Last trading day saw price closed again at 3.41. Considering the lower low formation and also decent buying volume. The counter could welcome triple top break up soon.
Second chart suggested ~ 3.5 could be strong resistance shall break up happens. Considering recent bullishness among other STI constituents, laggard like the counter could give some surprise move. It will release latest results on coming Thursday.

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