On Wednesday, Starhub re-test the resistance at $2.73 and closed at $2.73 with HIGH volume of 8.28 million shares traded.

Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

Both RSI & MACD are bearish as RSI in oversold region.

Important Resistance of Starhub: $2.75

Immediate Support of Starhub: $2.73

Currently prices are well below 20/50/100/200 days MA.

For the past 4 trading sessions, starhub have been under heavy selling pressure despite STI have rally recently.

The selling pressure is very heavy and it has never been happen since Oct 2009 when Starhub lost the English soccer rights to the Singtel.

This is a very bearish signal though there are no news open to the retail investors.

The support at $2.73 is strong and could ...