SPH -Painfully Oversold - Time to accumulate!!
From the weekly chart - After a failed "inverted Head & Shoulders" lunge (1), SPH's volume had be drying up (3) consistently . This is the covering of a great volume shakeup (2) on the same day of (1). With the price now at the bottom of the price channel, accumulating currently will be sweet! As for the upside, currently is 7.9% above its 200Day MA, allow huge space to shift upwards. As mentioned before, there is a dinstinctive bullish divergence between Price and Monentum - a good hint of an imminent reversal. OCBC Investment, yesterday called for a Buy from Hold with TP: $5.15. It would be wise to load up now before the speculative air get contagious!!
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