Starhub: Formation of Right Shoulder

Cautious! Starhub is forming the Right Shoulder of a Head & Shoulders reversal pattern after rejected at 200D SMA at about $4.30 (also the 61.8% FR). This level is also the previous Rising Wedge support turned resistance level to confirm the Rising Wedge breakout with price target of $3.90. $4.00 will be the critical support to watch as this is also the neckline of H&S, 38.2% FR and psychological round number support. Sit tight!

See previous technical analysis & fundamental data on Starhub here.


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