Long
SPAQ - Leading up to October - Long and Bullish
1) Following technicals for the last couple weeks, I think we will see this follow the same path for another 1 week to 10 days with a gradual uptick to around $15 - $15.50
2) Will go through a phase of testing the $15 - $15.50 range and will form a bear flag for a period of around 1 week.
3) Price will retrace 50% of the trading range from the past 3 months to around $13.50
4) Merger and possible MEB news to drop with moves up to $17 before retracing to $15 and then moving up to $20.
Day estimates and $ figures above are give or take a few days or cents.
All of this is my own research, this is the first time i've had a go at technicals and publishing, please leave a comment. Thanks
2) Will go through a phase of testing the $15 - $15.50 range and will form a bear flag for a period of around 1 week.
3) Price will retrace 50% of the trading range from the past 3 months to around $13.50
4) Merger and possible MEB news to drop with moves up to $17 before retracing to $15 and then moving up to $20.
Day estimates and $ figures above are give or take a few days or cents.
All of this is my own research, this is the first time i've had a go at technicals and publishing, please leave a comment. Thanks
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