ST Engineering Technical Analysis (30 Mar 10)

Support/Resistance:
The graph is at the middle of uptrend parallel lines. If it can touch the bottom line of the uptrend, it will be a good buying opportunity.

Indicators:
Looking at the RSI, and MACD, the two indicators are going downtrend. If stochastic is going downtrend in the next one or two weeks, it will be a good buying opportunity.

My Target Price:
My target buy price will be $3.00.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.