ST Engineering after hitting the high of 3.47 on 21st April 2016 it had since drifted lower to close at 3.13 on 10th June 2016. This is generally quite bearish.
A Long black candlestick presented on the chart today couple with quite a high volume that is generally quite negative.
Macd are showing sign of a negative divergence which may provide a tell tale sign that the share price may continue to trend lower.
Short term looks like it may go down to re-visit 3.05 the support level. Breaking down of 3.05 may see it goes further down towards 3.00 then 2.90 with extension to 2.80.
(trade base on your own decision)
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