SPO Networks Inc (SPOI)

[techtrade]

IMO there is little downside risk here with the 200 day MA, trendlines from the July/August lows, and the 50 week MA seeming to offer a lot of support. That said, it's still worth keeping an eye on because anything is possible. However, if my calculations are correct, this wont go below .0057 again if it even gets that low. The only question in my mind is how long it takes to climb towards the upper part of the range. It could be slow climb if it sticks to that trendline, though it should rise more quickly once the uptrend is firmly established. All IMHO. GL