ST ENGINEERING BUILDS BASE TO TEST $4.56

ST ENG recovered from the pandemic lows at $2.75 with a long signal on 180820 at $3.40. price pulled back from $4.10 to hold at $3.70 with a short signal at $3.75 since 051120.

On a long term basis, the monthly charts saw price climb above the ichimoku cloud on 011020 resuming its uptrend since the long signal at $3.76 on 030417.

A long signal has been confirm with the break of the supertrend line on 010321 at $3.90. This builds a base for extension of gains to test $4.10 and $4.56

LONG TERM UPTREND since 011020

MEDIUM TERM UPTREND since 161120

SHORT TERM UPTREND since 310321

PIVOT 3.78

Long positions above 3.78 for 4.10 and 4.56

Short positions below 3.78 for 3.59 and 2.75