Shares & Derivatives
SINGTEL, M1, STARHUB STOCK: Let’s get TECHNICAL!
By Singapore Stocks Investing (SSI)  •  September 16, 2016
Starhub stock has headed south below its 200 days-moving-average; this could signal a sustainable down-trend. However, yesterday, there was quite a bullish stock candlestock even though the stock remains oversold and the price is still below the 200-days-moving-average. A delay in the US interest rate hike could lend support to the stock though it is quite clear that Singapore could have a fourth mobile player in the telecom space. I think support of Starhub stock is at around $3.16, looking at the stock charts.Singtel stock closed at $4.27 in middle August 2016, at yesterday’s price of $3.89, the stock has trended close to 9% south and is currently oversold. Like Starhub stock, there was an upside in the stock price which supported Singtel stock above the support of $3.86. Investors must note whether Singtel stock will break below the aforementioned support, if so and if ......
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By Singapore Stocks Investing (SSI)
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