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Will The Bulls Continue To Charge In 2010?
 
Singapore

Star Hub
 

Star Hub had a “nightmare” during the August to November 2009 period as it staged a horrendous plunge from a high of $2.32 seen on 6th August 2009 to a low of $1.87 on 2nd November 2009, wiping out 19% of its value! However in recent weeks, Star Hub appears to be showing signs of upside revival as it starts to trade above its 20, 50 and 100-day moving averages. An interesting observation to note is the possibility of a bullish crossover in the MACD trend indicator. In addition, the Stochastic remains bullish as it continues to inch up toward the 80% overbought level. Given such positive configurations, Star Hub is poised for further upside potential in the next few weeks. A break above its immediate resistance at $2.19 may see a rally towards the next stronger resistance at $2.32. However a violation below its immediate support at $2.12 may see a sell-off towards its key support at $2.06.

 
 
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