Saturday, October 29, 2005

Should you let the sleepy lion lie? -The Star Hub!!


From the big picture, Star Hub already had breached its trend line on 27 Sep 2005. It trended a “down up down” roller coaster ride. Note worthy is the momentum mellowed with every subsequent trend reversal. As no distinctive pattern is observed, we have to device an appropriate technique to unearth its future!. My favourable chart, the regression channel tells quite a future!. 3 current trends were surfaced. Using the current phase, the final black candle was shrinking: denoting the fatigued downtrend, finished off with a mild consolidation (line wise).
While the Willian R % and the Stochastic look worrying, these shortcomings are more than compensated by a high RSI and an impressive MACD envelope sloping towards the zero line. An inevitable positive divergence against the price downtrend; suggestive of an imminent reversal.
Confirming this; the ROC is sloping upward to zero with a good positive gradient. This trend strength indicator tells trend likely to change on upside with larger price moves.
My thumb of rule is the 200MA. My anticipated peak is 85% above! Currently it augured at 17.69% indicative that more upside can be comfortably expected.
Also with an average volume of more than 6 mil during the recent 10 periods, can this liquid stock be let to lie?

0 Comments:

Post a Comment

<< Home




MY Email : Smartyinvestor@Gmail.com

YahooWeather Bull Fish Business Times TeleText Future Market Investor College Bloomberg NewsStreet Directory Yahoo Financial Google News CNA Financial CPF National Library Board Reuters e-finex HK Market News CommerceAsia ADVFNListed Company