On Tuesday, SPH broke the resistance at $4.13 and closed at $4.15 with normal volume of 2.55 million shares traded.
RSI & MACD are flat as RSI trend sideways.
Important Resistance of SPH: $4.21
Immediate Support of SPH: $4.13
Currently prices are supported by 20/50 days MA.
Today, prices have broken the critical resistance at $4.13 with normal buying pressure. This is the sign of possible fake breakout.
The resistance turned support at $4.13 is expected to be very strong.
We do not suggest buying on the possible fake breakout. In fact, we sell if $4.13 support breached with high volume as it indicate pullback.
Stock Chart: SPH! is contributed by : Singapore Stock Information Exchange
