Hi everyone,
Let's take a look at current price action of NYSE:SPOT .
The stock is up 12% on the day with the highest volume in a while.
Price is currently at 193 .
The zone of 190-214 is a no man's land. Price has cut through this zone in the past, both on the way up and down. That's due to thin volume profile structure.
We take 196 , we go higher...
Hey everyone, here's my analysis on SV3U:
Summary:
Price could drop to our S1 zone between 0.315 - 0.320 before going higher, as illustrated by the yellow dotted lines.
Opportunity lies here; once price breaks above the R1 zone, which is a strong resistance area, it is likely to make a pullback to re-test the zone as a support zone before a strong bounce...