On Tuesday, ST Eng re-tests the resistance at $4.22 and closed at $4.29 with LOW volume of 1.29 million shares traded.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of ST Eng: $4.40

Immediate Support of ST Eng: $4.22

Currently prices are supported by 100 days MA at $4.22.

Since 12/Jul, ST Eng has been consolidating between the support at $4.22 and resistance at $4.40

The support at $4.22 is expected to be strong.

We would suggest to buy at $4.22 support if interested but cut loss if breached with high volume.

Important news

Singapore Technologies Engineering Ltd. (S63.SG) 2Q net profit rose 3% to S$147.9 million compared with S$143.1 million a year earlier because of improved profitability in its electronics, marine and land systems business.

Singapore Telecommunications Ltd. (Z74.SG) will invest ...