Starhub

Starhub looks like a sideways channel trading pattern. $2.75-$3.24.

At the moment the prices are right smack in the middle of that channel. And the RSI reading is also around 50%.

This is interesting because this stock could be traded using RSI levels as entry and exit signals.

Heard the news that Singtel Mio has secured the rights for Champions League Football. Whether this would impact Starhub negatively, personally I don't think so because most football fans (I'm a Liverpool fan) prefer to watch the English Premier League week in week out while Champions League games while very exciting are pretty infrequent throughout the season.

Support at $2.20 last necktie of 200, 50 and 25 day Moving averages. Seems to me that there is going to be a necktie at $3 very soon. $3 new support/resistance level?

A necktie formed in this instance might represent risks to the sideways channel trading strategy.

Interesting chart to monitor.