STX: Resistance Breakout
Trade setup: Price bounced off of $0.60 support and broke above $1.05 resistance where it got rejected in February. That indicates that buyers are still in control and price resumed its Uptrend. Next major resistance is around $1.75 and then $2.75.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.60, then $0.40. The nearest Resistance Zone is $1.05, which it broke.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.60, then $0.40. The nearest Resistance Zone is $1.05, which it broke.
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