Technical Pulse: Singapore Press Holdings Ltd September 24, 2019 335

Singapore Press Holdings (SGX:T39)  bearish sentiment is likely to continue based on the technicals below:  


  1. Prices have been closing below the resistance level 1 of 2.11 for two consecutive periods. A strong bearish Marubozu candlestick pattern is confirming its bearish momentum.
  2. Prices have been rejecting the 50 SMA for two consecutive periods and 78.6 Fibonacci retracement level.
  3. Rising wedge formation.
  4. Stochastic overbought crosses.
  5. 22 SMA crosses below 50 SMA on July 2019, triggering a death cross.



Red line = 200 periods moving average

Blue line = 50 periods moving average

Green line  = 22 periods moving average

Stochastic Oscillators


Period =14


Red Line  = Overbought at 80

Green Line  = Oversold at 20


Red line = % K Line 3

Blue line = % D Line 3

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