StarHub – A defensive stock with good dividend

Current Price (today closed) = $2.18
PE = 12
Dividend Yield = 8.3%

I plan to buy this stock as long term investment to collect dividend. It is much better than putting money in the bank.
The stock price may go down trend if 20D and 50D MA support are broken. I plan to start accumulating at $2.10 as my first entry level.  $2.07 is a very strong support level as it is a 200D MA support and 50% of the Fibonacci retracement level.