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Sunday, 18 January 2015

Singapore Press Holdings (SPH): 18 January 2015, Sunday, 4.48pm Singapore Time

Singapore Press Holdings (SPH): 18 January 2015, Sunday, 4.48pm Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the technical analysis of Singapore Press Holdings
All technical illustrations as per on chart above.

A lot of unloading volumes as illustrated on chart.

A very large distribution is being done at bearish wedge formation as shown on chart.
The large distribution is conducted at the $3.60 to $4.20 price range from smart monies unloading to fools' monies based on the technicals.

Your losses will be way more than any little dwindling dividends you receive going down the road.

Large formation long term distribution as highlighted on chart will yield large wave long term selling in the stock.
Be cautious.

Donovan Norfolk Technical Rating:
BEARISH




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