On Wednesday, STX OSV re-tests the support at $1.59 and closed at $1.62 with LOW volume of 5.25 million shares traded.
During the past 10 bars, there have been 3 white candles and 4 black candles for a net of 1 black candles. During the past 50 bars, there have been 16 white candles and 27 black candles for a net of 11 black candles.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of STX OSV: $1.73
Immediate Support of STX OSV: $1.59
Currently prices are resisted by 20/50 days MA at $1.73.
For the past 4 trading sessions, prices have been supported at the critical support at $1.59.
The support at $1.59 is expected to be strong.
The earning report will be announced on 14 May 2012 and we would expect the support to hold till ...
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