Invest
Stock Chart: STX OSV, KepCorp!
By Dou  •  October 20, 2011

On Thursday, STX OSV re-tests the resistance at $1.19 and closed at $1.125 with LOW volume of 20.88 million shares traded.

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

Both RSI & MACD are bearish as RSI turn downwards.

Important Resistance of STX OSV: $1.19

Immediate Support of STX OSV: $1.09

Currently prices are resisted by 50 days MA.

For the past 2 trading session, prices re-test the critical resistance at $1.19 with little buying pressure. This affirms that investors are reluctant to buy the stock any higher.

The resistance at $1.19 is expected to be very strong.

Too late to long now as the rally has began to weaken. In fact, we suggest shorting this stock at $1.19 resistance instead for better possibility of winning.

On Thursday, Kepcorp re-test the resistance ...

...
Read the full article
By Dou
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance