Shares & Derivatives
Stock Chart: Starhub, Cosco!
By Dou  •  August 21, 2011

On Friday, Starhub re-test the support at $2.65 and closed at $2.68 with HIGH volume of 4.06 million shares traded.

A white candle sticks with long upper shadow similar to inverted hammer affirms that investors are buying on dip to the critical support.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of Starhub: $2.73

Immediate Support of Starhub: $2.65

Currently prices are resisted by 200 days MA.

Starhub undergo heavy selling on Friday due to XD but the white candle stick with long upper shadow marks a bullish sentiment.

The support at $2.65 is expected to be very strong.

Watch for signs of consolidation at this support if interested.

On Friday, Cosco broke the critical support at $1.02 and closed at $0.975 with HIGH volume of 45.16 million shares traded.

Three black candles occurred in the last ...

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By Dou
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