Support 1: 2.38 Resistance 1: 2.53
Support 2: 2.29 Resistance 2: 2.70
Singapore Press Holdings share price is currently in range mode. However, the technicals show that the stock could have some upside after the price has been testing the 61.8% of the resistance three times. When resistance is tested multiple times, the resistance tends to get weaker.
Price should be rebounding at the lower bound of the range at 61.8% retracement level as that level has a strong area of demand. Should price rebound from that area, we are looking for a stronger rally towards 2.62.
Red line = 200 periods moving average
Blue line = 50 periods moving average
Green line = 22 periods moving average