ST Technology Index re-visit
I have earlier done a read on ST Technology index. I have mentioned that the advance is blocked and should be heading south.
I did a revision on the ST Technology today, I have written that it would be reversing, I have no idea how serious it would be. ST Technology was really affected by the sell down the last 2 weeks. It shot all the way down. If I consider the objective of the earlier double top, the index minimum target is 448. However, it went all the way to 331. It reached one of the lower support line. I am not sure if this level will support the index or will it fall further, the next level is 270.
Seems like ST Technology is not doing that well......
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