On Tuesday, SPH re-test the support at $4.12 and closed at $4.12 with HIGH volume of 9.65 million shares traded.

RSI & MACD are bearish though RSI already in oversold region.

Important Resistance of SPH: $4.20

Immediate Support of SPH: $4.12

Currently prices are resisted by 200 days MA at $4.20

Today SPH undergo heavy selling pressure as prices gap down and attempt to breach the critical support at $4.12 with high volume. This is a bearish signal.

The support at $4.12 is expected to be very strong.

We do not suggest buying now since SPH has been under selling pressure for the past 2 trading sessions due to SPH delaying the listing of the REITs.

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