STMicroelectronics (STM)

[kingofswing]

thank you very much for your input, Groovemaster. Another great chart reader on this board, bionuthing, has said when the RSI crosses about 70, expect a pull-back, which has been pretty accurate, and a good buy-in point is the lower/mid 50 level, which it has bounced off of 2-3 times in the last 6 weeks. You are very correct in that the pullbacks have been so shallow, they have not been worth trading.....you could very easily end up buying back in at a higher price. I like the fact that the 5 year chart shows multiple cases of resistance at the $10 level, and we have blasted right thru that. Great looking chart.....I'm kinda surprised very few analysts are following this company.....I think there are only like 2-4 following it. I like to keep an eye on what MU and NVDA are doing, in comparison with STM, although I don't hold either. I really appreciate the quality of the posts being shared on this board.