Starhub in a larger upward channel

Hey all,

I have an interesting chart of Starhub for today. In previous posts on Starhub, I identified a fantastic looking upward parallel channel, only for it to be breached towards the downside. Now, I see Starhub as trading in an even larger upward parallel channel. This one dates all the way back to 2009, and a recent (green arrow) test has seen Starhub pick up momentum towards the upside – which is a slightly bullish sign. I like the uptrend that the 200-day MA is in as well.  As long as the current channel does not break, I do not see why Starhub cannot test post – crash highs at $2.80, or even hitting the top of the channel which is at $2.95.

All analyses, recommendations, discussions and other information herein are published for general information. Readers should not rely solely on the information published on this blog and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: