On Thursday, ST Eng re-test the resistance at $3.88 and closed at $3.92 with HIGH volume of 4.045 million shares traded.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of ST Eng: $4.09

Immediate Support of ST Eng: $3.88

Currently prices are supported by 200 days MA at $3.88.

Today ST Eng undergo heavy selling pressure as bears attempt to sell the stock below the critical support of $3.88 but failed.

The support at $3.88 is expected to be strong.

Since Jan 2012, 100 days MA has been well supported by the 100 days MA. However this support has been breached with high selling volume in 31/May/2013. This indicates began of down trend and thus trigger heavy selling recently. We suggest keeping off this stock till the resistance at $4.09 is breached with high buying pressure.

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