today’s yield action centers on a vested stock which is Starhub. having been inching upwards for the whole week, its reaching its resistance at 2.30. Fret not for those who missed this, as you would’nt earn much speculating in Starhub. You are better off with some other investments. $2.30 will prove difficult to best. likely case you will get your opportunity soon to buy.
Perhaps you might even think about selling. The market have been up for almost 15 days! In this sense, i don’t fault you if you favor a downside trade rather than an upside trade.
The big volume action seem to be on Ascendas REIT. I haven’t heard any bad news yet but it cut through all its supporting moving average with a high volume move today. Really bad deal if you are anticipating for a nice channel trade.
Disclosure: Vested in Starhub not in AREIT.
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