On Thursday, STX OSV trend downwards and closed at $1.445 with LOW volume of 4.81 million shares traded.
Both RSI & MACD are bullish as RSI trend upwards.
Important Resistance of STX OSV: $1.465
Immediate Support of STX OSV: $1.395
Currently prices are supported by 20 days MA at $1.395.
On 7/Dec and 10/Dec, prices re-test the critical resistance at $1.465 with high buying pressure but failed to breakout.
The resistance at $1.465 is expected to be very strong.
We do not suggest to buy now on the near overbought market. Moreover the resistance at $1.465 is strong and not likely to be breached easily.
Important News
Fraser & Neave Ltd. (F99.SG) has appointed J.P. Morgan to advise on a $10.6 billion takeover offer from Overseas Union Enterprise Ltd. (LJ3.SG). Fraser & Neave’s independent directors will issue a ...
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