ST Engineering (SGX: S63) technicals suggest that the stock will head for a bullish corrective phase.
*Timeline of the trade should be between 1-3 weeks from the date issued.
* Although there is a bullish buy call, the ultimate direction is still in a bearish sentiment.
*Should price breaks below 3.96, then the bear will most likely continue till 3.80.
Simple moving average
Red dotted line = 200 SMA
Blue dotted line = 50 SMA
Green dotted line = 22 SMA
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