1. SPT just fell off the uptrend channel (the pink lines) 2. Fibonacci from the last mad run to all time high indicates share price would retrace at least 50% which is in line with the cap raising price $1.3 3. However for a strong retrace share may hit 61.5% ($1.15) or even 78.6% ($0.925) 4. EMA200 is around $1.05 5. All indicators are pointing down strongly
So with the new issued shares hitting the market tomorrow, and my experience in many share raising before: shares nearly always come down to the raising price, next week could see share price pushed down to at least 50% Fibonacci level or below, hence my prediction within the range $1.15-$1.3.
I just hope it does not fall to 78.6% Fib!
All above may become invalid if there's positive news which would spike the price up!
Imo
SPT Price at posting:
$1.40 Sentiment: Buy Disclosure: Not Held