Here is a buy setup in Spark New Zealand $SPK
Spark New Zealand is holding up very well after last week market downturn.
We can see Spark New Zealand still above all three rising moving averages at the current time of this post.
Technical indicators are showing a strong possibility sell volume are near the end and buyers are coming back in to take control.
However, the RSI turned back down today, therefore...a good entry point is when the price can breakout of the previous resistance (yellow line).
We can see Spark New Zealand still above all three rising moving averages at the current time of this post.
Technical indicators are showing a strong possibility sell volume are near the end and buyers are coming back in to take control.
However, the RSI turned back down today, therefore...a good entry point is when the price can breakout of the previous resistance (yellow line).
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