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Friday, May 15, 2020

ST Engineering

Indeed it has managed to rise higher to hit the high of $3.48 before profit taking settling in and pushed the price down to close at $3.27, looks bearish!


Short term wise, I think it may go down to retest $3.22 and $3.16 level. Breaking down of $3.16 with high volume that may likely see the price sliding down towards $3.10 then $3.


Pls dyodd.


Chart wise, it is doing a reversAl chart patterns after touching the low of $2.93 to close higher at $3.24, looks pretty interesting!


Short term wise, I think a nice breakout of $3.30 coupled with high volume that may likely drive the price higher towards $3.40 then $3.50 level.


Yearly Dividend of 15 cents .
Yield of 4.65%.

CD 10 cents. XD 20 May.


Not a call to buy or sell.

Pls dyodd.

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