Earlier this morning the Commsec AI was saying there was selling pressure - possibly due to all those sales from Cannacord and Euroz Hartleys ….. which the shorters have decided to take advantage of?
But now the AI is back to saying:
“SPR appears to be in a long-term uptrend confirmed by multiple indicators. Specifically, both the 20 and 200-day moving averages are upward sloping and signal that the stock can be expected to continue rallying in both timeframes.”
And so far, all year, the Bollinger thingy seems to mainly following that Buddhist precept of ‘the Middle Way’, being neither too much overbought nor oversold;
Rationally? -… given prospects of good news pending, I’d try to conclude that the price is trying to take a bit of a rest so that some newcomers can climb aboard, even if it’s not those who vended to the ETFs (who recently needed entry to the 300 Index) awaiting return.
Analytically ?..um …. We’re still following the Middle Way, and more news is expected and I’m think I’m not going to be letting go of my shares right now.
Hopefully ? …we stay over your $1.27 EMA!
cheers
SPR Price at posting:
$1.28 Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)