As requested by shrek. Listed since 14 July 2005 on SGX Mainboard, STX Pan Ocean Co Ltd is a leading Korean shipping company, ranking among the top ten in the world in the DWT capacity of its owned dry bulk fleet. The Goup major operations of transporting iron ore, coal, grain, steel products, cement etc, are in Asia.
From chart, the 38.2% retracement level from low of .53 to high of 1.
00 is at .705 which will be a significant support level after it is surpassed. Currently price has hit the ceiling at .84 and came down. If price fails to consolidate at the .78 region, the testing of resistance at .84 followed by .905 will take quite a while. RSI is showing signs of dropping from the overbought 70% mark, signalling a sell for the moment. Downside is a break of .705 towards .605.
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