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Is SPH heading for a slide? 20 Day Moving Average Resistance shows up after a relatively flat session
On Monday, July 6th, SPH moved down 0.06% while volume was to 0.7× the usual levels. Multiple bearish signals emerged — 20 DMA Resistance, Bearish Engulfing, 1,2,3 Retracement Bearish & Non-ADX 1,2,3,4 Bearish — suggesting potential weakness ahead. Key support levels exist at 17.42, 17.33 & 17.17, with resistance at 17.67, 17.83 & 17.92.
Current SwingTradeBot Technical Rating of SPH: D
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