The weekly chart again of STX. I usually steer clear of...

The weekly chart again of STX. I usually steer clear of publishing indicators and lines as I'm a firm believer in the "more lines you see the less certain the poster is of what is actually occurring, or to be blunt, the more you have to reinforce an opinion with multiple and similarly derived indicators the less confident you are."

After saying that here I go being somewhat hypocritical. Below is one template I use to find shares where momentum has turned up and volatility is acceptable enough to support that momentum.

STX at last and without going into the maths, the blue oscillator did turn a while back but better still the green centre ma in the Keltner channel has also just turned up. I couldn't resist going back to fairly simple chart analysis though and pointing out and plotting that resistance at 23 (blue dotted line). It's a tough spot and STX still hasn't effectively broken it. Have to bear in mind also that a few brokers have a price target of around 24/5 but I've done ok over the years not listening to them.