On Thursday, STX OSV re-tests the resistance at $1.19 and closed at $1.125 with LOW volume of 20.88 million shares traded.
A black candle sticks with little upper/lower shadow affirms that investors have no hesitant in the profit taking.
Both RSI & MACD are bearish as RSI turn downwards.
Important Resistance of STX OSV: $1.19
Immediate Support of STX OSV: $1.09
Currently prices are resisted by 50 days MA.
For the past 2 trading session, prices re-test the critical resistance at $1.19 with little buying pressure. This affirms that investors are reluctant to buy the stock any higher.
The resistance at $1.19 is expected to be very strong.
Too late to long now as the rally has began to weaken. In fact, we suggest shorting this stock at $1.19 resistance instead for better possibility of winning.
On Thursday, Kepcorp re-test the resistance ...
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