SPI trendline breakout with a target right near top of downwards...

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    SPI trendline breakout with a target right near top of downwards wedge. Breaking out of the dominant downwards wedge is extremely unlikely right now. Price may drop and form a right shoulder first (to create a H&S bottom). If the H&S forms, then the neckline is up-sloping - not ideal. Sort of moderately bullish right now. More like a relief rally.

    https://hotcopper.com.au/data/attachments/6120/6120709-335a089576c304e76526cad73173c85d.jpg



 
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