SPL - Six Month Daily Chart
If the SP closes below 13 cents at the end of any day, this being something that has never happened so far, then technically this strongly negative signal would suggest that a substantial further descent is probably imminent.
However, bear in mind that SPL appears to be a speculative stock that feeds only on fundamentals, being mainly the promises and dreams that announcements can generate. So, a positive announcement would immediately scupper this technical nightmare scenario.
Place your bets.
SPL - Six Month Daily ChartIf the SP closes below 13 cents at...
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