SPL chart, page-422

Hi Folks

Time to revisit the SPL Weekly chart.

While the chart is not good there is a glimmer hope maybe emerging. We had a Dec 2021 DCB of around the FIB 23.6% (1.375) mark and followed up with a roughly 23.6% downward extention down to (0.62).

I am not prepared to call that the bottom, yet it has possibilities as the Stoch's turned positive about 4 weeks ago and the MACD is showing signs of like as is the weekly RSI(5).

Far to early to call , but this market will turn sometime , its just when. I'll be looking for the first weekly hi-lo candle to trade entirely above the 10WMA.

Then for the 10WMA to flatten.

Just my opinion as always DYOR.

If we break below 0.62 then we are heading lower.

Here's hoping

cheers Lies