STX OSV 23/07/2011

STX. Previous post is here.

The price is up 20c since the last time I posted this chart. Thats the difference between an uptrend and downtrend chart. Pattern target is 1.9 in the long term.

Posted below chart 1 month back.

PS: Just my personal view. I might be wrong.

STX OSV 24/06/2011

STX OSV.

Is this a Strong chart or weak chart? For Long term? Yes. Symmetrical triangle are continuation patterns. The prevailing long term trend is up. As long as the triangle bottom trend line is not breached it looks good for an upside breakout in the coming weeks.

PS: Disclaimer: This is just my personal view which can be wrong. Please do your own research before acting on any information posted here. Caveat emptor.