ST Engineering is tightly range bound from $3.05 to $3.08. The trading of ST Engineering on 18 May 2011 is considerably high in volume and though it momentarily fall below $3.05, the closing at $3.06 (within the trading upper and lower limits). This may be a signal that it could be reversing and moving out of the consolidation in an upward bias movement. Strategy: To long near the support or break out of $3.08 with high volume.
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