Shares & Derivatives
Stock Chart: Starhub, Singtel!
By Dou  •  July 10, 2011

On Friday, Starhub broke the resistance at $2.79 and closed at $2.80 with regular volume of 1.99 million shares traded.

A white candle sticks with long upper shadow affirms to profit taking when prices approaches the resistance at $2.82.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Starhub: $2.82

Immediate Support of Starhub: $2.79

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

Although the prices broke the resistance at $2.79 but the candle sticks with long upper shadow actually affirms to the weakness of the rally.

The resistance at $2.85 is expected to be very strong.

Too late to buy now but do watch the resistance at $2.85 if vested.

On Friday, Singtel re-test the support at $3.17 and closed at $3.19 with LOW volume of 12.25 million shares traded.

A white ...

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By Dou
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