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SPT - Technical Analysis, page-151

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tina25

341 Posts.

501

21/08/20

19:34

Post #: 46729655
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Originally posted by nikunjsahani: ↑

Yesterday was the first sign of a potential bullish outbreak nearby. Today’s drop not an issue, still higher highs & higher lows.
a) Those expecting to get a good chunk of 30k filled in through SPP will be dissapointed unless there’s a shortfall (unlikely). Most likley they’l be distributed 2/3k worth each at $1.3.
b) There’s been ample support at 1.36 mark (4 times its bounced off north from it in recent 6 weeks) & with yearly due soon (even though its known data) with a potential July update I’ll be surprised if it breaches the support. Not much diff between SPP & the SP that was avail for bulk of last week (up until yesterday’s jump). As soon as oversubscription is announced + directors buying $1m worth & the recent update from APT giving the sector some positivity again, those not buying it between now & SPP close will end up paying well north lf current price.

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I see it exactly the same way. Buying opportunity was last week.

SPT Price at posting: $1.44 Sentiment: Buy Disclosure: Held
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0 Great analysis

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