Bullish potential detected for SPK

Aug 24, 2025

Entry conditions:
(i) higher share price for SPK along with swing up of indicators such as DMI/RSI.

Depending on risk tolerance, the stop loss for the trade would be:
(i) below previous support of $2.23 from the open of 4th August, or
(i) below previous support of $2.19 from the open of 12th June.

Aug 30, 2025

Trade active

UPDATE (week ending 29-Aug): Trade activated on Friday 29th August with a swing up of DMI and RSI indicators and a share price close above former resistance area of $2.30 formed from the open of 2nd July. Share price closed above both 10 and 30 day MA's at the end of the trading week.

Sep 6, 2025

Trade closed manually

UPDATE (week ending 05-Sep): Trade was performing well but may have encountered some resistance at $2.38 from the open of 12th August on 2nd September. This potential turnaround could be further compounded to the downside by the upcoming dividend payment due on Tuesday ($0.127), so now it comes down to personal benefit/risk assessment to the investor/trader.