StarHub - Trade Taken - Update

Wall street legs soft again. An update on the trade i took yesterday.

TA Wise

If 2.19 do not hold, i will cut my position at 2.15.

Possible re-entry point could be at the recent low of 2.07 or 2.01. If 2.01 breaks with high volume. Suggest caution

Reaons for entry at 2.20, key Fibo retracement level. Hourly charts showing possible reversal. Exhuastion of seller.

Not sure how soft StarHub will be but i will take a punt. No point doing so much TA without trying, i hope i am right :)

FA wise

- CLSA dropped Starhub from portfolio could explain the drop.
- Price Target revision by Goldman from $2.60 to 2.70 but drop rating from Buy to Netural could have some tussle by the bulls and bears.
- BNP covers StarHub with a $2.75 could provide some support.