Base on current SPH chart, it is clear that the bull is missing. It is observed that there is a resistance (green line) sloping downward and also a support turned resistance at about $3.95. SPH current stock price is trading very closely to the 20D/50D/200D MA, it is a danger if SPH drops below these 3 MA. I can’t say SPH will start the down trend or move sideway but one thing is clear that the upside potential is limited if any investor wants to long the stock for huge capital gain.
- Post author:Marubozu
- Post published:April 17, 2011
- Post category:Singapore Press Holdings (SPH)
- Post comments:0 Comments