Friday, March 24, 2006
SPH
Taking reference from the candlestick formation on 21st March 2006, the last 2 days were inside days bars. Price will probably be trading within the high set on 21st March 2006 which is $4.52 as shown by the green dotted line and the low of the same day which is $4.42 shown by the dark blue dotted line. RSI turning down. Stochastics turning up slightly but no buy signal yet. Immediate resistance is the 20 days close simple moving average at $4.48. Move up above $4.48 will retest resistance at $4.52 . Immediate support is $4.42. This support has been tested 4 times since 16th March 2006. Breakdown from $4.42 will bring price down to the next support at $4.36.
# posted by Cherie : 8:38 AM
