STERLING TOOLS LTD. LOOKS POISED FOR STRONG UPMOVE
STERLING TOOLS LTD. Made a 16-Month Stage-1 base breakout today on strong volume. The trigger appears to be the deal with S Korea’s Yongin Electronics for EV components facility in India. It made its footprint clear last week itself, though B/O did not happen.
On this weekly chart RSI moved strongly above 60 for the first time after it went < 40 during mid-March 2024, and the RS Line crossed above its 52-week MA for the first time after Oct’ 2023. The stock looks poised for a strong up-move.
No recommendation. Only personal analysis for educational purposes. Please consult your Financial Advisor for any buy or sell decisions on the stock.
On this weekly chart RSI moved strongly above 60 for the first time after it went < 40 during mid-March 2024, and the RS Line crossed above its 52-week MA for the first time after Oct’ 2023. The stock looks poised for a strong up-move.
No recommendation. Only personal analysis for educational purposes. Please consult your Financial Advisor for any buy or sell decisions on the stock.
Raju KMS Datla
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