On Friday, SPH re-test the resistance at $3.92 and closed at $3.93 with LOW volume of 1.47 million shares traded.

During the past 10 bars, there have been 4 white candles and 4 black candles.  During the past 50 bars, there have been 23 white candles and 18 black candles for a net of 5 white candles.

RSI & MACD are flat as RSI trend sideways.

Important Resistance of SPH: $3.98

Immediate Support of SPH: $3.92

Currently prices are supported by 20 days MA at $3.92.

Since 30/Jan/2012, prices have been trending upwards on a rising trend line forming a higher high and higher low. This is a bullish signal.

The support at $3.92 is expected to be strong.

Too late to buy now as investors are holding mainly due to the dividend at $0.07 (Record Date: 09 May 2012) In ...