On Tuesday, STX OSV re-tests the support at $1.585 and closed at $1.61 with HIGH volume of 9.31 million shares traded.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of STX OSV: $1.59
Immediate Support of STX OSV: $1.67
Currently prices are supported by 50 days MA at $1.59
Since 4/Sept, prices have been consolidating between the key support of $1.59 and key resistance at $1.67.
The support at $1.59 is expected to be very strong.
It is clear that bears are trying to pull prices below the critical support at $1.59 but failed. It would be interesting to watch if the support breaks since it could be a good chance to short this stock if interested.
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