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STX Retesting support on price and RSI

Por DBarter
Recently STX broke its longterm resistance and now it will try to make it a support. With all the panic in the market it should come down to the old resistance area and should bounce from there. Same with RSI as we can see it has long-term support line and it is very close to it. Practically price should fall slightly from here which will also bring RSI close to its support line and should bounce from there. Keep an eye on overall market, if sentiments remain negative STX might break the support and take a nose dive. Be Alert!!
Chart PatternsTechnical IndicatorsTrend Analysis
DBarter
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