Thursday, January 24, 2013

STXOSV - Chart show Bearish since Nov 2012(Must read!)

Fincantieri Completes Acquisition of STX OSV 

Fincantieri, through its wholly owned subsidiary Fincantieri Oil & Gas S.p.A., has successfully completed the acquisition of 50.75% of STX OSV from STX Europe, at a price of SGD 1.22 per share, totalling approximately Euro 455 million (approximately SGD 730 million).

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Since November we have been BEARISH on this stock, according to our chart the trend already down and never came back. Glad to see my chart has kept my investor in safe hand. =)

My previous Post on STXOSV for your reference:

Bearish on 1 Nov 2012: 

Bullish on 1 August 2012:

Bearish on 10 July 2012: 

Bearish on 18 May 2012: 

Contradicting with Brokers recommendation: