Starhub Technical Analysis (10 May 10)

Support/Resistance:
Two weeks ago, I mentioned that the graph is at top of the uptrend parallel lines and it will not be a good buying opportunity. The chart has actually fell from that point. There is a possibility that the chart might test the support at $2.00. The major resistance will be at $2.80.

Indicators:
Looking at the RSI, MACD and stochastic, these three indicators are still high, which mean that it will not be a good buying opportunity.

My Target Price:
My target buy price will be $2.01.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.