SPH after hitting the high of 4.16 on 25th April 2016 it had since continued to trend lower to touch 3.70 on 24th June 2016. This is rather bearish.
The current price of 3.71 has broken down the previous low of 3.75 (17th June 2016) which is generally quite negative.
Also both the Macd & Rsi are showing sign of a negative divergence which may be a tell tale sign that the share price may continue to trend lower.
Short term wise looks like it may go down to re-visit 3.65 the next support level. Breaking down of 3.65 may likely see it prices goes further down towards 3.60 then 3.51.
(trade base on your own decision)
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