SPH – Broke Critical Support Levels!

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SPH seems to have broken below the 9 months uptrend support, 20D and 50D MA support with a spike in volume.  Below chart plotted base on Fibonacci Level on uptrend since Mar 2009.

 
 
Looking at from another perspective in a longer term view (Fibonacci Level on down trend since Dec 2008), SPH is unable to break the $3.859 resistance level.
 
  • Base on two different perspective, critical support level for SPH is between $3.565 (50% Fibonacci Level on 2nd chart) to $3.597 (61.8% Fibonacci Level on 1st chart, gray color). I simplify it to $3.58 as a critical level to watch.
  • Next critical support is between $3.271 (61.8% Fibonacci Level on 2nd chart) to $3.352 (61.8% Fibonacci Level on 1st chart, blue color). I simplify it to $3.31 as a critical level to watch.
  • SPH closing price for today is $3.74.
Continue ReadingSPH – Broke Critical Support Levels!

StarHub – Raised its Quarterly Dividend from 4.5 cents to 5 cents

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StarHub closed at $2.04 with a long opening marubozu candle (bullish candle) today after reported 3rd quarter result and raised its quarterly dividend from 4.5 cents to 5 cents, implied a Dividend Yield of 9.8%. The increase in quarterly dividend comes as a surprise because there is a concern over StarHub’s ability to sustain its earning and cash flow on its recent loss of BPL (Barclay Premier League) broadcasting right.

StarHub stock charts broke up the 20D MA and currently testing the 50D MA resistance at $2.04 with a spike in volume. The stock price is still below 200D MA. Immediate support is at $2.01.

Summary of Analysts’ Rating on StarHub:

Continue ReadingStarHub – Raised its Quarterly Dividend from 4.5 cents to 5 cents