ST Engineering 26 November 2014

Counter seems to be a little sideways after heavy sell off

MACD signals poised to crossover

Bullish stochastic crossover signals, under 20% (oversold region)

As the stock is oversold for a long period of time, it is possible that it might exit the oversold region soon

Look to see if $3.33 support can be maintained before entry

Near term small resistance is at around $3.41

Target price: $3.56

Time frame: 1 – 2 months

ST Engineering (2)

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