Sponsored Links

To retire by age 45, start with a plan.

"Is early retirement the right financial choice?" Jim Ellis discusses long-term financial growth strategies. I have blogged a...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.

Archives

"E-book" by AK

Second "e-book".

Pageviews since Dec'09

Recent Comments

ASSI's Guest bloggers

SPH: Closing above $4.20.

Wednesday, September 29, 2010

SPH experienced a nice white candle day with price closing at $4.21.  This is the first time it has closed above the $4.20 resistance level in more than two years. That this took place on the back of volume expansion (volume was three times more than the previous session) gives hope that we could possibly see higher prices in the near future.


The higher highs in the OBV shows continual accumulation.  The MFI has formed a higher low and being at a very low level now, it has much room to rise before becoming overbought. The MACD has turned up and seems poised for a bullish crossover with the signal line.

Immediate support is now at $4.16 as provided by the 20dMA.  Immediate target is $4.30.

Related post:
SPH: $4.20 is still resistance.

0 comments:

Monthly Popular Posts

 
 
Bloggy Award