On Monday, SPH broke the critical resistance at $4.41 and closed at $4.34 with HIGH volume of 34.88 million shares traded.
RSI & MACD are bearish as RSI trend downwards.
Important Resistance of SPH: $4.41
Immediate Support of SPH: $4.31
Currently prices are well supported by 50 days MA at $4.31.
Today SPH broke the critical resistance at $4.41 with high selling pressure as investor panic sell on bad earnings report.
The support at $4.20 is expected to be very strong.
We do not suggest buying now as it would be catching a falling knife. Instead watch for the support at $4.20 for any signs of consolidation.
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