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Sunday, April 24, 2016

ST Engineering

ST Engineering - 24th Apr 2016

ST Engineering had a very impressive run after hitting the low of 2.67 on 18th Feb 2016 it had managed to stage a strong recovery to close 3.40 on 22nd Apr 2016. This is super bullish.



The current price is staying above the SMA lines which is generally rather positive.

Also Macd is pointing upwards which may provide further indication that the share price may continue to trend higher.

Short term wise it may continue to trend higher towards 3.47. Breaking out of 3.47 with good volume that may propel to drive the share price higher towards 3.60 then 3.70 with extension to 3.80.
(trade base on your own decision)

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