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Friday, January 20, 2017


StarHub - 20th Jan 2017

StarHub after hitting the low of $2.73 on 21st Nov 2016, it has since managed to stage a strong recovery and head higher to touch $3.13 on 18th Jan 2017. This is generally quite positive.

From the chart we can notice that the major break-through was triggered on 13th Jan 2017 where it has nicely taken out the $3.00 psychological level and closed well at $3.13. The volume was also quite high and this is rather bullish/positive.

The current price is staying above the 20 & 50 SMA lines which is rather positive.

Both Macd & Rsi are also rising which may likely provide further indication that the share price may continue to trend higher.

Short term wise, I think it may likely move up to re-visit the recent high of $3.13. Crossing over of $3.13 with ease that may propel to drive the share price higher towards $3.20 then $3.30 with extension to $3.34.

( trade base on your own decision)

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