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Tuesday, January 3, 2017

SPH

SPH - 4th Jan 2017

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)

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