Shares & Derivatives
SINGTEL, STARHUB AND M1 STOCK: A TECHNICAL UPDATE
By Singapore Stocks Investing (SSI)  •  October 23, 2016
On 16 Sep 2016, I posted an article on the three telecom stocks. Let us revisit the stock prices of these telecom stocks vs the write-up of my article then. First, Starhub stock closed at $3.46 in my September post and I mentioned that this stock was below the 200-days-moving-average which was a bearish sign. True enough, at the close of the trading day on 21 Oct 2016, Starhub stock price went further south to $3.39, down a further 2.1%., still below its 200-days-moving-average but not oversold yet. For M1, in my earlier post, I said investors are deciding whether to send M1 stock which was already below its 200-days-moving-average at $2.44 further down. The answer we know now is yes as M1 stock closed at $2.15 on 21 Oct 2016, which was around 12% south! M1 stock is currently oversold. As for the ......
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By Singapore Stocks Investing (SSI)
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