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ShentaTsai
Oct 2, 2018 4:56 PM

STM = Text book Trading Short

STMicroelectronics N.V.NYSE

Description

Now is a good time to short, STM has been on long term down trend, with tight stop can have good profit.

Trade active

A few more days testing support of 17.48, if not hold, 12.xx is expected.

Comment

Excellent gap, target 12.45 is expected.

Trade active

Yes, Bounce is expected around 12.65, but further drop is expected, as low as 7.xx.

Trade active

Move target to 11.45, still keep the short since 18.75
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