STB - 1w - Head & shoulder - target 39
"SAFETY - SUSTAINABLE - GROWTH"
In the last few weeks,
STB has mainly traded around the price of 27-28,
the liquidity is at an average level,
it is cumulative.
Looking at the pattern element from May 2022 to now,
STB is forming an inverted Head and Shoulders pattern,
for this pattern to complete,
STB needs to break out of the 28.5 price zone with good liquidity.
Besides, we connect 2 peaks from May 2021 to January 2022,
STB will have a resistance line for the future.
Combining the above two factors, I gives the future target for STB to be in the 39 - 40 zone.
With such a large upside room,
STB deserves attention this year in terms of technical analysis and business story.
In the last few weeks,
STB has mainly traded around the price of 27-28,
the liquidity is at an average level,
it is cumulative.
Looking at the pattern element from May 2022 to now,
STB is forming an inverted Head and Shoulders pattern,
for this pattern to complete,
STB needs to break out of the 28.5 price zone with good liquidity.
Besides, we connect 2 peaks from May 2021 to January 2022,
STB will have a resistance line for the future.
Combining the above two factors, I gives the future target for STB to be in the 39 - 40 zone.
With such a large upside room,
STB deserves attention this year in terms of technical analysis and business story.
