SPH (T39) - Accumulating time!

Today is accumulating day for SPH. A lot of wise guys are doing it now as kissing MA 15Day has got a lot of upside. However, from the Ascending Wedge, we know that there was diminishing buyer pressure at $4.38. The Candle Stick also portrayed Bearish rejection at 3 points on the resistance. But with the D+ just crossed above D- and seeing that today’s profit taking has not affected on this sexy darling, it is a matter of time, volume shall increase and “fly” is the future word! So Pile up now?

You may have interest in SPH Evolution on 22 Dec 2005
and also on 11 Dec 2005