Short Term Trading Week Starting: 23 Jul, page-75

STTCOMP PEN, TA Long
sp - 29c
Please do your own research.
The sp seems to be breaking out of a major long term downtrend resistance. Although the time frame is on a 10 year chart - so not precise for short term.  At a closer look on the yearly, the share has been trading within an accumulation range. It has broken through the resistance of the accumulation range, gapped up and come back down to close the gap and is now using the old resistance line as a tentative support line. There has been a big increase in volume lately , and also on the last rise. The biggest volume days have produced only a small rise in the sp (hidden buying). And the last large volume day coincided with the sp being marked up. Looks like the bigger players may be ready to mark the sp up. It had a low volume pullback.