MEM's or Micro Electromechanical Systems are to be the future for sensing and sharing data via the Internet of Things. STMicroelectronics are just starting this and the future of these devices is bright! At least that's what I have understood...
I believe in the stock long-term, but I think there may be a positive channel forming over the next few days, then may exit and re-enter on next dip...
STM 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
The 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...
Been riding this pony for while and it is time to jump back in. Two Falling windows have formed, indicating a reversal is due, the top part of the patter forming resistance. Today price gapped ABOVE BOTH of these indicating the pullback failed. Note also on the move up we had four rising windows, all but the last one confirmed. At today's close, we will have the...
