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).
ST Engineering Capped at Down Trend Resistance
- Post author:Marubozu
- Post published:September 29, 2011
- Post category:ST Engineering
- Post comments:0 Comments
Tags: Down Trend Resistance