On Tuesday, Starhub re-test the support at $2.85 and closed at $2.86 with LOW volume of 1.56 million shares traded.
A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend.
Both RSI & MACD are flat as RSI trend sideways.
Important Resistance of Starhub: $2.88
Immediate Support of Starhub: $2.85
Currently prices are well above 20/50 days MA at $2.85.
Starhub gap down today due to the XD and some investors choose to profit take.
Since 24/Aug, prices have been consolidating along the key support at $2.79 and key resistance at $2.92.
The support at $2.79 is thus expected to be very strong and can be consider as re-entry level if interested.
On Tuesday, NOL trend aimlessly and closed at $1.065 ...
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