Games people play... Uncovering it simply with Technical Analysis..
Was it a coincidence that the share plummeted yesterday, and then we had a good "Grant" news this morning ??? I would like to believe that ;-) "wink" It's apparent.. someone out there wants to have any supply of SPN available.. This is what is called.. stop-loss hunting.
Now look at this chart since the start of this year.. You can see that before that but wouldn't have fit in well for me in this image. The share has been running below the 40 DMA for a loooong time.. and it's just now only that you see it coming close and in fact it crossed it well today. To that... look at the strength in any momentum indicator settings you follow, and you can have a more than 50% chance that this is gaining strength and is nearing the end of its looong accumulation phase. Warning: This is a penny stock .. so tread very very carefully.
SPN Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
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