SPH

SPH after hitting the high of $2.79 on 4th Jan 2018, it has since retreated and trend lower to touch $2.62 on 12th Jan 2018, this is rather bearish.

From TA point of view, SPH is on an obvious Super Long term downtrend. This is super bearish!

Today the closing price at $2.63 which has fallen off below 50MA is another bearishness that may likely see it price continue to trend lower.In fact the price is staying below 20,50,100 & 200MA that will likely see further selling down pressure.
I think this could be a good candidate for shorting.

Short term wise, it may go down to test $2.56. Breaking down of $2.56 with high volume that may see it price heading further South towards $2.485 which was in Sept 2017..

Not a call to sell or buy.
dyodd