Alternative scenario: the upside breakout of 3.95 would call for 4.04 and 4.09.
| Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Decline |
|---|---|
| Change In Short Term View | Limited Rise to Decline |
| Medium Term View (Bullish, Range, Bearish) |
Bullish |
| Change In Medium Term View | None |
Our pivot point is at 3.95.
Our preference: under pressure below 3.95.
Alternative scenario: the upside breakout of 3.95 would call for 4.04 and 4.09.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day MA (respectively at 3.92 and 3.87). Singapore Press Holdings is currently trading near its 52 week high reached at 3.98 on 20/04/12.
Supports and resistances:
4.04 *
3.95 **
3.91
3.85 last
3.74
3.68 **
3.63 *
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