On Wednesday, STX OSV re-tests the support at $1.59 and closed at $1.62 with LOW volume of 5.25 million shares traded.

During the past 10 bars, there have been 3 white candles and 4 black candles for a net of 1 black candles.  During the past 50 bars, there have been 16 white candles and 27 black candles for a net of 11 black candles.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of STX OSV: $1.73

Immediate Support of STX OSV: $1.59

Currently prices are resisted by 20/50 days MA at $1.73.

For the past 4 trading sessions, prices have been supported at the critical support at $1.59.

The support at $1.59 is expected to be strong.

The earning report will be announced on 14 May 2012 and we would expect the support to hold till ...