Day traders' after-market lounge October 19, page-30

@Bigmarn
STM 6.6 weekly is at an interesting stage where much will depend on what sort of candle is printed next week. The options really are to pullback and test the 2.3 cent area of support or break above the 7.2 area and keep heading to test the 12.3 resistance area.Looking to the left of the chart current price is at a previous strong support area in 2014. So on the weekly chart the buying spots are around 2.4 if it pulls back and 7.2 if it breaks above recent highs. If it breaks higher the price target will be around 12.3 cents.
STM 6.6 daily chart unfortunately printed a doji showing severe indecision yesterday foreshadowing a consolidation to test the 8ema for support before a push higher or a pull back to test the 4.8 area for support