On Friday, SPH re-test its resistance at $3.98 and closed at $3.98 with HIGH volume of 2.92 million shares traded.

A thin candle stick with long upper/lower shadow affirms hesitant over the future direction of the stock prices.

RSI & MACD are flat as RSI trend sideways.

Important Resistance of SPH: $3.98

Immediate Support of SPH: $3.90

Currently prices are well below 20/50/100/200 days MA.

From the chart, we could see that prices are forming a symmetrical triangle where it can break out from either side.

Ever since the earning report out on 13/Jan, prices turned directionless as bulls and bear fight furiously on Friday.

We do not foresee any strong upside from SPH in short term since the earning and dividend is already over.

Thus we would focus on the support at $3.90 to see if there is any pullback to this level ...