Starhub is Getting Risky approaching Historical High Price

Starhub has been on the uptrend for a few months and currently approaching historical high resistance at about $3.21. Although the dividend yield of 6.37% (base on stock price of $3.14) looks attractive, the risk of trend reversal is relatively high to worth the gamble. The current Starhub stock price is also violating my rule of “Buy Low Sell High” and “Never Buy near Resistance”. The safer entry point is at about $2.92 and need to see whether this previous resistance can become a support level.

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