To me SPT is setting up nicely following the recent breakout.
Volume increased significantly on the upside breakout and has since been dropping off as the stock consolidates. This is a classic pattern and indicative of the market not panicking to jump ship. As such it appears that SPT is setting up nicely for a continuation pattern. A push through 92c or so on increasing volume is likely to see the stock continue higher IMO.
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- SPT Technicals - Continuation pattern ahead of upside breakout
SPT Technicals - Continuation pattern ahead of upside breakout
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