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Stock Chart: SPH!
By Dou  •  December 12, 2011

On Monday, SPH re-test the resistance at $3.68 and closed at $3.68 with LOW volume of 2.31 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 bearish though RSI near oversold region.

Important Resistance of SPH: $3.68

Immediate Support of SPH: $3.61

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

Today prices re-test the minor resistance at $3.68 with low volume but failed to break though.

The support at $3.61 is expected to be very strong.

It is actually a good time to enter SPH at $3.61 support for investors who are keen in dividend stocks.

Stock Chart: SPH! is contributed by : Singapore Stock Information Exchange

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By Dou
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