Shares & Derivatives
Stock Chart: SPH, NOL!
By Dou  •  April 13, 2011

On Wednesday, SPH re-test the critical support at $3.95 and closed at $3.98 with regular volume of 2.64 million shares traded.

Separating lines occurred.  If the lines occur during an uptrend and the first line is black and the second is white then this suggests that the uptrend should continue.

RSI & MACD are turning flat as RSI trend sideway.

Important Resistance of SPH: $4.02

Immediate Support of SPH: $3.95

Currently prices are supported by 100 days MA.

For the past 2 weeks, prices have re-tested $3.95 support many times while investors pending for the earning reports.

Now that the results are already out, we can monitor the situation tomorrow and take necessary actions.

Break of $3.95 support with high volume will not spell well for SPH. Watch for it if vested.

Although the support at $3.78 is very strong but ...

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By Dou
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