Shares & Derivatives
Stock Chart: STX OSV!
By Dou  •  October 2, 2012
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. Important News Tiger Airways Ltd. (J7X.SG) is scaling up its operations in Indonesia by leasing five additional Airbus ......
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By Dou
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