Thursday, September 10, 2020

Technical Analysis Sept 2020: SPH (SGX: T39)

 

Singapore Press Holdings 

Observation from Chart: 

SPH (SGX: T39) forming lower high & lower low, keep on retest strong downtrend line unable breakout.

Will it form bullish reversal to break this strong downtrend line? 

Other indicator:- 
MACD trade at negative region, downtrend sign. 
Stochastic %K on SELL call itinerary. 

Immediate support @ $1.03 level. 
Subsequent support @ $1.00 level. 

Immediate resistance @ $1.08 level 
Subsequent resistance @ $1.13 level. 

Let's watch closely Disclaimer.

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