SPO Networks Inc (SPOI)

[techtrade]

If this downtrend doesn't get snapped today or tomorrow at the latest, this could get ugly. Technically it shouldn't close below .007 IMO* (ideally it should maintain the 100 day MA but those are never perfect) and intraday shouldn't go below .006

The motivation of sellers is really strange, or to put it another way the lack of motivation from buyers is what's strange.


* As I was typing this I see that .007 got reclaimed. If this is the beginning of a reversal this could be back in the .009's soon enough (ideally it should finish the week above .0095). I have one more bundle of cash to deploy on HLNT, but I'm not buying until this downtrend gets snapped. Fortunately I'm averaged in just above .007 so this selloff, although frustrating hasn't been painful.