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...
Although overall market is in corrective phase. It seems STX is close to its support area on long-term timeframe. It should bounce from here. If it breaks then you should be concerned as it can be a deep correction.
