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STC – price action chart pointing upward
Naranj Capital Research Desk
July 9, 2024
Before, the price showed a Double Top pattern and dropped sharply after breaking the neckline.
The price found support around the 35 mark and then made a strong upward move.
An interesting price pattern emerges when a bullish candle is followed by a small red candle a few days later as the price continues to rise.
A bearish Pole & Flag pattern emerged and the price fell to the trendline support.
Following a period of consolidation, the price created an Ascending Triangle pattern and is anticipated to break out soon.
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