STM
STM going upSTM is going to a new high. I purchased the stock at $16.04 in premarket. I am not sure it's a good idea to buy before the market open, because of high volatility. I'll consider a take profit of $17.81 and a stop loss of $15.16, giving a risk/reward ratio of 2.01
STM - Sell off okay - Trust Support, Candles & Count LukeThe dark force wants you to sell. On the hourly chart we see a test of support formed by a rising window gap around 14. Short term Elliot count shows this to be wave iV down. Elliot says wave 4 never goes into wave 1 territory, and candle stick resistance of rising window very strong. Hang in there, as I said on my daily post...STM still poised for a move up. If it breaks 14.00, that's alarming, if it goes below 13.87 well, then we're wrong and may want to lighten up. Finally Connors RSI very low - look what price does each time. I use Connors for signals on daily only, but it does give confirmation of your bias on 1h charts too. Just since I typed this price has moved back up and a hammer is forming
