Stock in Focus: Starmalls Inc. (STR)

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Starmalls Incorporated (stock symbol: STR) has notably seen a majority of bullish closes since price soared on June 5. Bearish days have been very subdued in terms of price action.

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Philippine Stock Exchange, Starmalls Inc_STR Daily chart, September 5, 2014

STR Daily chart, September 5, 2014

Despite the predominant bullish picture, STR has encountered a ceiling at 6.50, and for some reason bulls aren’t able to break this area.

The longer it stays this way, the greater the risk of a retracement toward 6.00 or beyond.

The Commodity Channel Index (CCI) remains in negative territory and is easing its way through -100.

Do you have STR in your portfolio? Share your thoughts below!

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