Today Starhub tested its critical support at $2.09 but managed to close higher at $2.14 with 5.79 million shares traded.
A candle stick with long upper shadow occurred which shown that the investors are still hesitant to buy further up as it approaches its long term critical resistance/200 days MA at $2.19.
RSI & MACD indicators are still bearish though it started to display the ease of selling pressure at this level.
Important Resistance of Starhub: $2.19
Immediate Support of Starhub: $2.09
We would suggest buying this counter near support of $2.09 or wait till its breaks its critical resistance of $2.19 at high volume.
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