On Tuesday, STX OSV re-tests the support at $1.505 and closed at $1.53 with LOW volume of 4.53 million shares traded.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of STX OSV: $1.585
Immediate Support of STX OSV: $1.505
Currently prices are resisted by 50 days MA.
Since 11/Sept, prices have been trending downwards forming a lower higher and lower low. This is a bearish signal.
The support at $1.505 is expected to be very strong.
The selling seems to ease as prices have found its support at $1.505. RSI also indicate the sign of easing. It would be a good timing to enter if always interested in STX OSV. Cut loss once $1.505 breached with high volume.
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