SPH Technical Analysis (24 Jun 10)

See it for yourself and make your own judgement.

Support/Resistance:
The major resistance will be at $4.55 and the major support will be at $3.40. The chart is still on the uptrend, unless $3.40 support is broken.

Indicators:
Looking at the MACD, RSI and Stochastic, the three indicators are going down, which mean that there might be a further sell down.

My Target Price:
My target buy price will be $3.40.

Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.