See it for yourself and make your own judgement. Two weeks ago, I mentioned that SPH is still at the resistance point and showing a short term double top scenario at $3.80. It seems that SPH is unable to break the $3.80 resistance. Looking at the MACD, RSI and Stochastic, it is not a time to buy in my opinion. Any uncertainty in the market may just trigger a sell down. Please note that I am using TA to position myself for long term investing and not to predict the direction of the market. I have mentioned my buy price at $3.37. If the price never reaches $3.37, then I will not buy at all. Knowing to position yourself in the market is very important for long term investor.
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