SPH had a very nice Reversal movement today after yesterday closed with a doji and touched the Low of $3.51 which is hovering near the support level at $3.50.
This morning open GAP up at $3.55 and rises higher to touch $3.63 signify bullish reversal trend.
If today can close above $3.58 this may provide the driving force to move up the channel.
Short term wise, I think it may move up to test $3.63 then $3.67. Breaking out of $3.67 with good volume that may see further upwards move toward $3.70 with extension to $3.75.
Dividend yield of 5% base on $3.58 seems quite attractive.
(Trade base on your own decision)
No comments:
Post a Comment