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Starhub ST: above its upper Bollinger band
Trading Central | 2019-02-11 02:52:00

The MACD is positive and above its signal line.

Our pivot point stands at 1.87.

Our preference: the upside prevails as long as 1.87 is support.

Alternative scenario: below 1.87, expect 1.81 and 1.78.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 1.81 and 1.8). Finally, Starhub is trading above its upper Bollinger band (standing at 1.91).

Supports and resistances:
2.12 **
2.08 *
2.05 **
2.02
1.93 (SGD-last)
1.89
1.87 **
1.81 *
1.78 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-11-2019 at 03:52 UTC+1
Price reference: 1.93 last known on 02-11-2019 at 03:52 UTC+1
Investment horizon: ST

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