STERLING TOOLS LTD. LOOKS POISED FOR STRONG UPMOVE

STERLING TOOLS LTD. Made a 16-Month Stage-1 base breakout today on strong volume. The trigger appears to be the deal with S Korea’s Yongin Electronics for EV components facility in India. It made its footprint clear last week itself, though B/O did not happen.
On this weekly chart RSI moved strongly above 60 for the first time after it went < 40 during mid-March 2024, and the RS Line crossed above its 52-week MA for the first time after Oct’ 2023. The stock looks poised for a strong up-move.

No recommendation. Only personal analysis for educational purposes. Please consult your Financial Advisor for any buy or sell decisions on the stock.