Short Term Trading Week Starting: 19 Sept, page-437

STTCOMP MLX, TA Long


MC: $ 836M

current SP: $1.47

Shares on Issue: 605 m

STT entry based on the trading pattern and breaking of 10, 20, 100 days moving average (3MAs system that I use for STT), it looks like it wants to go for a wave, with a tight stop loss at $1.20-$1.30 range I am looking at a possible $1.80 re-visits and higher after that.

On the Broker activity side, Canaccord had been net buying 23m shares since 1st Augst and they have a SP price target of $2.25 in place.

Worth a try here.