Bullish potential and potential breakout detected for SPK

업데이트됨
Looking at afternoon trade, SPK represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position, considering breach of recent resistance levels aligning with technical indicators of RSI and DMI. Relative strength in the Midcap 50's as well as the communications sector (XTJ) adds further impetus to the trade. Personal stop loss for the trade would be beneath the low of the recent swing on 30-Oct (i.e.: below the low of $4.50), which is also below both of the 10 and 30 day moving averages, and will track the increasing 30 day moving average as the trade continues.
액티브 트레이드
Apologies for the delayed publishing of these details - it's been a hectic week - don't forget that the weekly videos (details in the footnote) also contain a lot of these details/updates for the ASX trades in case of delays.

In saying that, as discussed in the latest weekly update for the week ending 10th November, be mindful of resistance at $4.78 from open of 11-Nov-2022.
액티브 트레이드
Apologies for the delayed publishing of these details - another hectic week - don't forget that the weekly videos (details in the footnote) also contain a lot of these details/updates for the ASX trades in case of delays.

In saying that, as discussed in the latest weekly update for the week ending 17th November, be mindful of resistance at $4.78 from open of 11-Nov-2022 which appears to be heavily in play in the initial instance. Share price was below 10 and 30 day MA's as at recording of video at close of trade on 17-Nov - caution warranted, considering support levels of $4.64 from 26-Jul and $4.58 from 13-Oct still respected (depending on risk tolerance).
액티브 트레이드
Further update provided in the latest weekly video update for the week ended 24-Nov, with specific mention that the share price is now actively testing resistance areas once again.
액티브 트레이드
Further update provided in the latest weekly video update for the week ended 01-Dec.
액티브 트레이드
Further update provided in the latest weekly video update for the week ended 08-Dec, with specific mention of new overhead resistance area to be aware of.
액티브 트레이드
Further update provided in the latest weekly video update for the week ended 15-Dec.
노트
Further update provided in the latest weekly video update for the week ended 22-Dec, with specific mention of share price trading below 10 and 30 day MA's again - caution warranted, considering support levels of $4.70 from 09-Nov and $4.72 from 13-Nov still respected (depending on risk tolerance).
노트
Further update provided in the latest weekly video update for the week ended 29-Dec, noting that share price now finds itself above the 10 and 30 day MA's once again.
노트
Further update provided in the latest weekly video update for the week ended 05-Jan.
노트
Further update provided in the latest weekly video update for the week ended 12-Jan.
노트
Further update provided in the latest weekly video update for the week ended 19-Jan.
노트
Further update provided in the latest weekly video update for the week ended 26-Jan.
노트
Further update provided in the latest weekly video update for the week ended 02-Feb, with specific note that a Darvas box has formed from price action on the daily chart which provides a clear course of action as a plan for the future for any holders - any trading below the bottom of the Darvas box (i.e.: below the low of $4.845 from the trading day of 29th January) is a clear sell signal.
노트
Further update provided in the latest weekly video update for the week ended 09-Feb.
노트
Further update provided in the latest weekly video update for the week ended 16-Feb, with specific note that share price is now firmly below stop loss area clearly depicted by the Darvas box plan (and trade approaching earnings; suggested close-out; remove from watchlist).
ASXasx200asx200longasxlongbreakoutbreakoutsignalbreakouttradingChart PatternsTechnical IndicatorssparkSPKSupport and Resistance

Detailed commentary about this trade available here:
- youtube.com/watch?v=y5eqsVO_LPs (Stocks and bonds - latest scans timestamped in comments)
- youtube.com/watch?v=xP7cxQrgF4g (Crypto review)

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