
http://www.istockanalyst.com/article/viewarticle+articleid_1909728~zoneid_Home.html
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STV ran up in the first week of may, when it broke its 8 month downward trendline (in black) and a smaller 2 month downward trendline (in blue). It was trending upwards since along the green upsloping line. However, last week it broke the uptrend. That means, STV is currently in a no-man's land. The RSI and stochs are bearish. Selling volume has been higher than buying volume too of late. It has not been able to break its upward resistance at 18.25 too. There is good support in the 15-17 region, with lots of trendlines etc, which could be for great daytrading, by playing both sides.
A buying point would be it if its breaks 18.25 on volume or touches its low around 15.1, with a stop below that.
Guess:
The path of least resistance now is down. We will wait for some indication or movement to jump into it.
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