Has hit our first target at 0.140, can it head towards 0.150 now ?
Spackman has formed a resistance at 0.130 over the past 2 weeks and today we have seen it clear this level. With this, we can see it trade back to 0.140 then 0.150 level, short term speculative buy on momentum. Stochastic indicator showing signs of a bullish crossover which can lead the recovery. Stop loss at 0.127 for long positions. Let’s see if 0.130 holds for now.
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