The configuration is positive.
| Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Rise |
|---|---|
| Change In Short Term View | None |
| Medium Term View (Bullish, Range, Bearish) |
Bullish |
| Change In Medium Term View | None |
3.85 is our pivot point.
Our preference: the upside prevails as long as 3.85 is support.
Alternative scenario: the downside breakout of 3.85 would call for 3.78 and 3.74.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 3.9 and 3.83). Singapore Press Holdings is currently trading near its 52 week high reached at 3.98 on 20/04/12.
Supports and resistances:
4.13 *
4.09 **
4.05
3.91 last
3.87
3.85 **
3.78 *
While reasonable efforts have been taken to ensure that the calculations performed by the features of this site are reliable, the features are provided on the basis that:-