SPIR is consolidating on the 200 EMA(in orange) on the tip of a falling wedge in the bottom boundary of an upward parallel channel. If price falls out this wedge and below the 200 EMA, bears can push the price down to the 9.80 and 9.30 level. If bulls overcome the bears, then price can break out above the wedge, and maybe we can see prices in the 11.00 levels and maybe possibly to the 12.00 levels. Keep your eyes on the breakout.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.