Starhub Technical Analysis (7 Jun 10)

Support/Resistance:
As we can see, the chart is within a major trend parallel lines and a minor trend parallel lines. At this point of time, we may not know if the minor trend parallel lines will take over the role of a major trend parallel lines.

Indicators:
Looking at the RSI, MACD and stochastic, these three indicators are falling which mean there is lack of buying momentum.

My Target Price:
Even though my target buy price will be $2.01, it will be good to accumulate some lots at the current price in case the minor trend parallel lines take over the role of a major trend parallel lines.

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