Update : 31-Oct-2023 : Keeping it simple with Price Action & Technical Analysis What my eyes see...
What a way to end the month !! * A short-medium term resistance trend line ( in WHITE ) since 1-Apr-2023 ( and before) has been breached with a close above it. * A short-term resistance trend line ( RED line ) since 1-Sep-2023 has been broken as well, with the 1st day close above it. * So effectively as I see, 2 resistance trends have been broken. * Also the 100 DMA ( YELLOW line ) has been breached successfully with a CLOSE above it today.
Since my 1st "What's cooking" post on 11-Oct-2023, the stock has moved from 0.21 to 0.245 today !! The lower lows seem to have stopped since mid-Sep, and higher lows have started.
** This is a penny speculative stock with a long-term downtrend, so tread VERY cautiously with a bit larger Stop-Loss below at least the last swing.
SPN Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
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