SPT - Technical Analysis, page-304

I simply follow chart patterns.

1. SPT just fell off the uptrend channel (the pink lines)
2. Fibonacci from the last mad run to all time high indicates share price would retrace at least 50% which is in line with the cap raising price $1.3
3. However for a strong retrace share may hit 61.5% ($1.15) or even 78.6% ($0.925)
4. EMA200 is around $1.05
5. All indicators are pointing down strongly

So with the new issued shares hitting the market tomorrow, and my experience in many share raising before: shares nearly always come down to the raising price, next week could see share price pushed down to at least 50% Fibonacci level or below, hence my prediction within the range $1.15-$1.3.

I just hope it does not fall to 78.6% Fib!

All above may become invalid if there's positive news which would spike the price up!

Imo