Tuesday, August 31, 2010

Starhub - defensive and high dividend, follow up

Starhub today broke ascending triangle formation, may signal for further uptrend.
Ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern that indicate accumulation.

Candlestick: It also forming a Bullish engulfing pattern. Read more at investopedia http://www.investopedia.com/terms/b/bullishengulfingpattern.asp