On Tuesday, STX OSV re-tests the resistance at $1.56 and closed at $1.54 with HIGH volume of 39.58 million shares traded.
During the past 10 bars, there have been 2 white candles and 6 black candles for a net of 4 black candles. During the past 50 bars, there have been 22 white candles and 22 black candles.
Both RSI & MACD are bullish though RSI in overbought region.
Important Resistance of STX OSV: $1.56
Immediate Support of STX OSV: $1.495
Currently prices are well above the 20/50/100/200 days MA.
Prices broke the minor resistance at $1.495 with high volume today and re-test the critical resistance at $1.56 but failed to break out.
The resistance at $1.56 is expected to be very strong.
Watch for any breakout tomorrow. However due to the overbought market and strong resistance at $1.56, we …