I did an update on my Singapore Dividend Stock Tracker today and were surprised by Starhub’s strong performance.
Haven’t they and Singtel overpaid for the World Cup broadcast rights? Wasn’t there alot made about their expensive packages?
Many are still waiting hard like what the analyst were predicting that it will fall to $2 or $1.90. That will be the historical low. But it seems that this is not the first time people are selling down Starhub due to negative news. Time and again it managed to hold within this $2.00 plus range.
That $1.90 and $2.00 supports are important ones to watch out for, since it have been visited, tested for so many times.
We could well retest it again, but from recent movements, it seems that the 200 day moving average of $2.14 is somewhat strong enough for most investors looking to be vested to add to.
A breach in MACD above the zero line will prove very bullish, indicating that it might go back to $2.40
Some stocks though just wouldn’t go down no matter how hard you cursed them. I fully expect to collect it at 76 cents and below but it held 80 cent well.
The market is very oversold currently and riped for a bounce. Alot of stocks are hovering above their 200 day ma and if this mkt runs away, i don’t want to be 100% out of this market.
Starhub and First REIT will enable me to collect some yield and have some appreciation due to economic growth.