StarHub (T54) - That Shining Star!
The Good News and the Bad News. The Cons 1st: CMF slightly lowered than the preceding bar, not impressive volume, Williams’ % R alarmed sell signal with its shape turnaround touched down on the critical -20 level and the Accumulation/Distribution wormed a tick down. Now, the Pros: A beautiful MACD envelope with the good double progressive envelope. At a glance we can tell that the 2 signals lines crosses and began to spread and strengthen. It’s a sign that the price momentum may be spurring up! Also the same 2 lines were below the equilibrium level indicating a non- oversold environment with pent-up demand. Corroborating this, the weekly MACD being still in –ve territory is telling us that the same story of its just bottoming, the result is one of the best, and safest, buy signals I know of. Solidified the similar position are a good crossed Stochastics and super RSI 68 north. The D+ ve was marching smartly up. However, its ADX would be better off with a reversed curve. This means the stock is bullish but do not expect instant rally.
Now ,the verdict time. Before this, I shall try my favourable filters to discern its probability. Let me cast a Fibonacci Band on the last 20 periods. Since the current $1.93 already exceeds the 50% retractment, the time is ripe for a buy. Also today’s close > Yesterday Low. All these are telling us that StarHub is bullish and ready to shine!
I do not bother even to look at the ROC, it is because even a child can tell us that the uptrend is upwards!
Concerning the shortcoming of the Accumulation/Distribution, as long as the OBV is above it, we are definitely safe and sound! On the same vein, Williams’ % R can be easily explained. The stone Caveman already scribbled on the wall: “Fishes swim, Birds fly” and therefore oscillators oscillate; so we shall allow tine to see how Williams’% oscillates first before jump to conclusion (JTC).
Enough being said, it’s time for you to check it out, tweak it to fit your needs and decide for yourself what is best for you!
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