Monday, June 26, 2017

Starburst - Forms Strategic Partnership with Swiss SECURITAS GROUP

On June 6th 2017, Starburst announced that it formed strategic partnership with Securitas Group where Securitas Group acquired 5.1% stake in Starburst which is equivalent to about 16 million shares. Starburst had not been in play for a long time until this piece of good news was released. Since then, they had been some on going hidden accumulation in this counter secretively as seen in the daily chart above. Every time there was a dipped, the stock resurrected which could meant that it was quite supported. In the mid term, I expect growth in this counter as the future looks bright.

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Ronald K - Market Psychologist - A Stock Market Opportunist