Starhub / 22 May 2015

StarHub

Trading close to 52 weeks low ($4.01)
High volume for the past 3 days
Stochastic in the oversold region, under 20% level
Based on the past, $4.01 serves as a good support
However, with the hint of introducing a 4th telco in Singapore, the current 3 telcos may face some challenge
Lookout for possible buying opportunity after a rebound
Look to see if $4.01 – $4.10 serves to be the new trading range

StarHub (2)

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