Starhub (CC3.SI) ABC Pattern Analysis on Starhub. Ive just come across checking Starhubs chart. Its been quite a good run for its price. Based on my ABC Pattern analysis, it has reached the C.min target. Typically, when the minimum/maximum target has been reached, the price will likely to be sideways... (see my posting on BreadTalk here: https://facebook/groups/SingaporeSGX/permalink/634051460032994/, where I show this characteristic) Now, fundamentally, Starhub is a good company. But of course, competition is tough with SingTel and M1, and now MyRepublic on the broadband sector. So, to reach its max target, fundamentally, the company should have a big innovation to increase its revenue and profitability. Otherwise, logically and psychologically, for some investors who has made capital gain from, say, $2 to $4, why not sell half of their holdings? The other half is free? Some more, now, they can sell in chunk of 100 shares... TA-wise, the chart has a continuation triangle pattern. It is interesting, if the fundamental matches the TA, the run up to the maximum target could be achieved. Notes: DYODD...
Posted on: Tue, 20 Jan 2015 01:25:10 +0000
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