STM - could this be the bottom ?

2月4日

I have been watching STM for a while and looking for a possible bottom.

The best I could come up with is the channel shown above.



Weekly MACD and RSI could support this:



The current outlook for STM in 2025 isn't great, but they are one of the key players in the semiconductor sector and will recover in my opinion.

2月14日

註釋

promising so far

2月19日

註釋

now we will see if this is just a move to the upper line of the channel followed by a breakdown or if the bottom is in.

3月7日

註釋

could not be clearer. perfect retest of white and red and now breaking out.

3月25日

註釋

red channel still in play, just a bit larger

3月29日

註釋

since it is trading below white again, I have modified the big channel a bit and expect the bottom to be in the 20$ area:

4月3日

註釋

buy point ?

4月13日

註釋

There we have it, the bottom targeted by big money algorithms: