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Is SPH showing downside potential? 50 Day Moving Average Resistance shows up after slipping 0.7%
On Thursday, July 23rd, SPH moved down 0.7% while volume shrunk to 0.6× the usual levels. Multiple bearish signals emerged — 50 DMA Resistance and Non-ADX 1,2,3,4 Bearish — suggesting potential weakness ahead. Key support levels exist at 18.19, 18.03 & 17.77, with resistance at 18.61, 18.87 & 19.03.
Current SwingTradeBot Technical Rating of SPH: C
Today’s move could mean more—check all the signals for SPH on SwingTradeBot.
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