Would like to see a test up higher to confirm sellers have exited - will be watching volume. I was predicting a bounce to the 70 earlier in September however global shakeouts likely brought out some weaker hands. Forth calendar quarter is supposed to have decent news flows from company trials and maybe something of a commercial/partner nature will come left field.
I added in the high 50s and low 60s which has bought my average up a little after loading up in the 20s. Will probably buy up a little more to get to my holding target.
Company is barely marketing themselves and we are achieving some solid SP appreciation, mainly due to organic discovery of the co and their tech in combination with a continually tightening float (compare volume to volatility of price moves)
ST prediction is still the dollar club. LT target and take profit is still between 2.50 - 4.00, depending on market factors of course.
All in all, an exciting chart and time for SPN.
SPN Price at posting:
62.5¢ Sentiment: Buy Disclosure: Held
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