STM has rebounded strongly and recent cup and handle formation has complete its 1st stage of confirmation, left only the breaking of its key resistance at 27.41. The stock has also broken above the intermediate downtrend line which started since June 2024.
Bullish momentum from long to short-term is in tandem and as such, we are eyeing a target of 38.96 and 45.00.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.