ST Engineering 30 Nov 2014 (Short Term Trade idea)

ST Engineering (Short Term Trade)

Counter might be in early stage of consolidation
MACD signals poised to crossover under 0 level
Bullish stochastic crossover signals, under 20% (oversold region)
As the stock is oversold for a long period, high possibility that it might exit the oversold region soon

Last done: $3.37
Support: $3.35
Near term resistance is at around $3.41
Short term Target price: $3.47

Time frame: 2 weeks – 1 month

2014Nov-ST Engineering-1280x800

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