Post by
francoisl13 on Mar 28, 2024 3:49pm
Technically speaking....
I know that technical analysis is not a perfect for micro cap like SPN but, it is interesting to note the following;
1. Volume have been good for last 3 weeks
2. Weekly graph shows, the share price moving aboe the EMA 30 weeks with the EMA 10 weeks about to move above the EMA 30...all bullish;
3. Daily graph is a little ahead of the weekly one so EMA10 and EMA 30 are already well positioned. The volume is decent especially when considering that SPN doesn't have a lot of shares available to retail (about 45% insiders);
It is also interesting to note that Snipp have been very busy on LinkedIN and other platforms promoting their technology suite.
All in all , it looks promising short and mid-term. GLTA