On Monday, ST Eng re-test the critical resistance at $3.47 and closed at $3.48 with LOW volume of 1.11 million shares traded.

Both RSI & MACD are bullish though RSI in overbought region.

Important Resistance of ST Eng: 4 years high

Immediate Support of ST Eng: $3.47

Currently prices are well above 20/50/100/200 days MA.

Today, ST Eng undergo slight selling pressure as investors began to take profit off the overbought stock.

The support at $3.47 is expected to be strong.

We would not suggest to buy at 4 year high prices. Moreover ST Eng is already at overbought region, thus we suggest to sell once $3.47 support breached with high volume.

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