STX Pan Ocean 180408

STX Pan Ocean broke the long term downtrend resistance (upp red) on 15 apr. Thereafter, STX Pan Ocean traded above the 3.14 neckline (red --) but not too convincingly.

However, we can see that since the low on 22 jan, the subsequent lows of STX Pan Ocean have been higher. And STX Pan Ocean is also currently trading in an uptrend (blue).

If STX Pan Ocean can maintain trading within the uptrend channel (blue), as well as above the 3.14 neckline (red --), we might see it 3.34 resistance (pink --) next week.



For monday :

Support @ 3.14 (red --), 3.12 (mid blue), 3.037 (upp red, low blue), 2.86 (low red), 2.82 (blue --)
Resistance @ 3.22 (16, 18 apr high), 3.33 (upp blue), 3.34 (pink --)

Good Luck !!