SPL chart, page-444

SPL ten-month daily chart

Fundamental factors are undoubtedly the main influences on the ups and downs of SPL's SP. Yet, remarkably, SPL's chart looks almost as if it is a textbook technical analysis pattern.

A purely technical forecast derived from SPL's current chart might be that either the SP is just about to break upwards out of the pattern, or the SP is just about to plummet downwards again.

If there is some sort of invisible force controlling the destiny of SPL's SP, then maybe the Viraleze study results will be released this week, which might cause the SP to zoom either up or down.


(Btw, just in case anybody thinks that I believe in invisible forces controlling share prices, I must point out that I don't. I think that the fundamental explanation for SPL's chart pattern is, in my opinion, simply a result of commercial incompetence. And if the Viraleze results are released this week then this would just be a coincidence.)