SPOT time and time again has shown solid technicals. Starting from late 2018 it has traded within its volatility box up until May this year when it broke through $162 with conviction. It then continued to trade within another volatility box up until June, before positive news catalyst pushed it up to trade at around $275 today. It looks read to break out of its current box.Here's a bird's eye view of it:
Trade active
Trade closed: stop reached
Broke the 21EMA and got stopped out.
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.