Saturday, 24 March 2012

Hi-P & STX OSV - requested by PK

Hi-P
I can't really say much on Hi-P but the vol is decreasing means buying pressure is low.
It's facing major resistance of 1.04 which is previously a strong support.

STX OSV
As mentioned last week Thurs, if STX OSV is able to break 1.76 it can move higher.
http://tradeforthebetterfuture.blogspot.com/2012/03/150312.html
Currently, it is facing another small resistance at 1.82 (probably because market is trending sideways).
But do watch for support at 1.76, if this breaks it could mean slight bearishness.
Note: This counter is bullish in the long run. Shorting is must be fast to take profits.

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