SPH (technical)

SPH: trading at the lower end of the $3.90 - $4.20 band. The indicators are showing preliminary signs of an upward reversal , suggesting a possible rebound taking place in the near term, though a better confirmation signal would come in the form of stochastics rising above the current oversold levels. On a rebound , share price may see a test of the initial $4.10 resistance. Cut loss on a breach of the $3.90 support.