Buy at 2.78 TP 2.81
this stock was a former runner closed on highs, looking for breakout from resistance tomorrow.
Stop - 3.12
Target - 3.5 - 3.82
SPHS is in a multi-year ABW and with the latest partial decline, in addition to other important fundamental and technical factors, it will likely breakout upwards - To infinity and beyond!!
On previous chart i've posted a potential test on the 8$ level. SPHS is gone in that area with a huge spike and a huge drop. Now it is in a corrective phase and i'm expecting a breakout to the upside. Potential gain above 60%
really needs to close above $3 to start a rally and fill its gap.
we will believe a buyout when we see one, playing technical levels here.
now in the BUY zone
Getting close to technical breakout, any news will let it fly
5.33 some resisance so far. no position
SPHS 4 HR
Go short once it breaks the light green support line
SPHS has broken monthly downtrend with a bullish divergence. More upside possible.
Ticker SPHS has a history of gapping up for a single day. Might be similar situation, the actual short pos. is not figured yet out because those MA's are not in a favourable settled
Short the break of the demand line.
falling wedge. BB is getting tight. stoch, MACD says turn around coming. could breakout in a big way. low float
Series of lower highs and relatively equal lows are forming the descending triangle
Looks like a good time to go Long