ST Engineering's share price finally breaks $4, records a 52-week high at $4.04 today.
From what I saw on Moomoo forum. The break out signals has captured investor attention excited them for a trading opportunity.
In fundamental speaking, ST Engineering has demonstrated robust performance. Its annual revenue surpassed $10 billion, marking a 12% increase from...
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S63 - Still in Bearish at Channel
Target as shown - with stop loss indication.
Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
With the current oil crisis, market is in sort of jitters right now... this counter seems to follow the down trend (possibly) as well. Will the head & shoulder formation plays out in short term duration? or will it break out of the current formation and become bullish?
Feel free to share your thoughts comments box. Note: This is not financial or investment...
Short term trade - Long 3.91 - entry point could had been better
Fibo Retraced, hit and rebound
TP at around 4.07$
Negatives - Month chart not positive
View On ST Engineering (25 Feb 2018)
Just a quick write up.
We may be late but it is still under strong Bullish composition.
Do not short as it may be short-lived.
If you want to long, wait patiently to go in.
It can easily go to 3.85 regions again.
DYODD, all the best and read the disclaimer too.
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There is a buy signal with strenghmeter showing a possible upside for ST Eng. A buy can be initiated at 3.55 if price breaks upwards, with stoploss being at 3.52 Idea from Marxbabu's Longbuylongsell indicator.
