Short Term Trading Weekend Lounge: 9 - 11 July, page-52

  1. 321 Posts.
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    STTCOMP SCU TA Long
    Market Cap: $16.7mil
    Cash On Hand: $6 - 6.5mil
    SOI: 1.04bil
    SP: 1.6c ($3.8mil CR in late Apr at 1.9c)

    Daily chart looks to have found a decent base and bottom at 1.5c , and commenced upward move in late Jul. Nice shakeout yesterday (broader market jitters), looking this to resume upwards on Monday considering overseas markets stabilised. I'm expecting the downward trend line to be tested / broken out by end of this month. 8EMA close to cross the 43/50 EMA and 200 EMA is not far off too. MACD and RSI look decent too showing divergence

    upload_2021-7-10_16-30-15.png

    Weekly chart looks ok with a decent base

    upload_2021-7-10_16-25-28.png
 
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