On Tuesday, SPH re-test the support at $3.90 and closed at $3.91 with HIGH volume of 3.12 million shares traded.

A black candle sticks with long lower shadow affirms that bears attempted to push the prices below the support but failed.

RSI & MACD are bearish as RSI trend downwards.

Important Resistance of SPH: $3.95

Immediate Support of SPH: $3.90

Currently prices are supported by 100 days MA at $3.90

SPH undergo heavy selling pressure today as bears attempted to push the prices downwards.

Although the attempted failed but the poor earning report announced after the market close will likely to trigger more heavy selling pressure tomorrow.

Do not try to catch a falling knife even if interested. Watch for the support and selling to ease before entry.

On Tuesday, Cosco re-test the support at $1.81 and closed at $1.82 with HIGH ...