F&N is current trading in a Triangle. Upside capped at the Triangle Resistance and 200D MA resistance between $5.90 and $5.95. Base on current chart, downside risk is higher than upside potential as the 200D is trending down in additional to current poor world economy and debt crisis. Breaking down from this Triangle will send F&N to the price target of about $4.75.
UOL Group’s uptrend has ended after the stock price break the uptrend resistance. 20D and 50D MA have crossed the 200D MA recently indicate the official start of down trend. Currently UOL rebounds to test 20D MA resistance and also the 78.6% Fibonacci Resistance at about $$4.36. This level is probably the last chance to get out before the stock price moves even lower. BTW, I am aiming to short if UOL fails to break this resistance and turns down.
ST Engg is currenty trading in a down trend. The 200D MA is sloping down. Unless ST Engg can break the down trend resistance and 200D MA and stay above $3.00, the stock is likely to continue to fall towards $2.695 the next 50% FR in the near term, followed by $2.54 (38.2% FR).
