ST Engineering Capped at Down Trend Resistance

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).

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