On Wednesday, SPH re-test the resistance at $3.80 and closed at $3.76 with HIGH volume of 4.78 million shares traded.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

RSI & MACD are bullish as RSI trend upwards.

Important Resistance of SPH: $3.80

Immediate Support of SPH: $3.61

Currently prices are supported by 20 days MA.

Since 8/Aug, prices have been consolidating along the key support at $3.61 and key resistance at $3.80.

The resistance at $3.80 is expected to be very strong.

At this point of time, we would not long this stock but advise to sell this stock instead since the resistance of $3.80 is very strong and likely that shortist would take their action at that level.

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