SPTL has been on a downtrend ever since the de-merger. The price action and oscillator divergence in the 4 hour time frame indicate that the bottom might be in place with 75 levels acting as a good support. The possible trend reversal would be confirmed with a trend line break above 85 levels with 90 acting as the first target. The stock has limited downside risk with potential large upside gains available.
Transaction en cours:
Entered positional long
Commentaire:
A close above 86.50 will be crucial as it break out above the downward sloping trend line ... Good Volumes being traded today acts as a support to bulls
Transaction en cours:
Holding Positional longs with stop below 85 on a closing basis .