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StarHub Ltd, Stock Code is CC3
StarHub retest the significant level for five times, the price action got supported by the same level. However, the price is below 20 MA, 50 MA and 100 MA see the insert fore clear view.
Will the price action stop falling and start to retrace up? So, you are ready to catch the falling knife! Will, there is no right or wrong, so you can buy or sell. But one basic rule is ensure you have all the reason support you for buy, and consider exclude this reason for buy; this is a good company. Chart Technician should not have emotion, trade only chart reading. Stay focus.
June 12, 2015 StarHub Ltd
StarHub and River
Moving Average is a powerful visual tool for bullish or bearish bias decision. River is instead of using closed price, uses high and low price moving average to make up a river or wave. This provide event a better visual aids for trader.
The chart below, we can see the price action crosses the River and resisted by River and the price is below River. You only buy after price action cross and supported by River.
June 12, 2015 StarHub Ltd and River
You can read about other Singapore Stocks scan and analysis in this website.
Thanks for visiting the website.
Moses
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