SPH (technical)

SPH: Technicals do not look positive in the near term with the main indicators indicating that the downtrend could continue as the RSI and stochastics are moving towards the oversold region. The counter was not able to break the 50MA recently on 18 Jun and had moved downwards past the 20MA. The current support levels are at $4.12 and $4.03 thereafter. Near-term support is at the 20MA of $4.31.