Keeping it Technically Simple with Price Action
Looking at SPNs weekly charts, it looks like something is cooking.Let's see what we can derive.
** This is a penny speculative stock with a long-term downtrend, so tread VERY cautiously.
1. The stock is almost at its bottom, close to its Apr'201 price range.
2. Since the start of Sep'2023, the price has hovered in a close range, but we can see a Bullish Divergence on RSI which is trending UP.
3. Bullish Divergence is also seen on MACD, with the MACD above the signal line and trending UP.
4. Price coming close to 20 Week MA, and sentiment will need to be reassessed in next few weeks if it breaks out of this close range.
But.. looks like ... something is cooking.. ;-)
Keeping it Technically Simple with Price ActionLooking at SPNs...
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Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $17.54M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $33.52K | 223.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32000 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 128929 | 3 |
View Market Depth
| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| SPN (ASX) Chart |