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Stock Chart: STX OSV!
By Dou  •  October 11, 2011

On Tuesday, STX OSV re-test the resistance at $1.05 and closed at $1.005 with HIGH volume of 24.16 million shares traded.

A black candle sticks with little upper shadow affirms that investors have no hesitant in the profit taking.

Both RSI & MACD are bullish as MACD lines perform a “golden cross” recently.

Important Resistance of STX OSV: $1.05

Immediate Support of STX OSV: $0.995

Currently prices are resisted by 20 days MA at $1.05.

For the past 4 trading sessions, prices have been rising upwards with strong buying volume and re-test the critical resistance at $1.05 today.

The resistance at $1.05 is expected to be very strong.

We would like to warn that the $1.05 resistance will not break easily and do not suggest to buy now. In fact, any profit taking or shorting by bears will be well expected ...

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By Dou
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