STM is at an important support level and near the bottom of the uptrend channel I have drawn.
It is priced quite low according to both financial statements and many analysts. As a result, STM offers a good entry point for a long term investment.
Currently, the average buying zone is in the $30-31 area, but if the market allows buying, the $27-28 area is the ideal buying zone.
It is priced quite low according to both financial statements and many analysts. As a result, STM offers a good entry point for a long term investment.
Currently, the average buying zone is in the $30-31 area, but if the market allows buying, the $27-28 area is the ideal buying zone.
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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.
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.