Shares & Derivatives
Stock Chart: Starhub, KepCorp!
By Dou  •  August 4, 2011

On Thursday, Starhub broke the support at $2.85 and closed at $2.83 with HIGH volume of 2.62 million shares traded.

A long black candle sticks with short upper/lower shadow affirms that investors have no qualms in selling down the stocks.

Both RSI & MACD are turning bearish as MACD about to cross down.

Important Resistance of Starhub: $2.85

Immediate Support of Starhub: $2.82

Currently prices are supported by 20 days MA at $2.82

Today Starhub undergo heavy selling pressure as prices re-test the support at $2.82. This is a bearish signal especially the earning report is due tonight.

The minor support at $2.82 is weak and the stronger support will be at $2.79.

Too high to buy now. But watch for any high selling pressure tomorrow if vested since the earning report is just out.


On Thursday, Kepcorp re-test the support ...

...
Read the full article
By Dou
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance