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Stock Chart: STXOSV!
By Dou  •  January 14, 2012

On Friday, STX OSV re-tests the resistance at $1.33 and closed at $1.305 with regular volume of 5.98 million shares traded.

A bullish harami occurred (where the current small white body is contained within an unusually large black body).  During an uptrend, the bullish harami pattern is bearish as the bears appear to be gaining strength as the bulls weaken.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of STX OSV: $1.33

Immediate Support of STX OSV: $1.255

Currently prices are supported by 200 days MA at $1.255

For the past 3 sessions, prices have been attempting to break the critical resistance at $1.33 with high volume but failed.

The resistance at $1.33 is expected to be very strong.

With the RSI near to overbought region and prices near to $1.33 critical resistance, it is not ...

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By Dou
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