On Thursday, SPH trend sideways and closed at $4.10 with LOW volume of 1.85 million shares traded.

RSI & MACD are bullish though RSI already near overbought region.

Important Resistance of SPH: $4.13

Immediate Support of SPH: $3.99

Currently prices are resisted by 50 days MA at $4.13

Since 12/Aug, prices have been consolidating between the key support at $3.99 and key resistance at $4.13.

The resistance at $4.13 is expected to be very strong.

We do not suggest buying now as SPH near overbought region and the resistance at $4.13 is very strong. We prefer to sell at $4.13 as a better option.

Important News

OUE Ltd. (LJ3.SG) is looking to raise as much as 700 million Singapore dollars (US$558 million) by tapping Singapore’s buoyant real-estate-investment trust market yet again, people with knowledge of the deal said, suggesting ...