SPO Networks Inc (SPOI)

[techtrade]

Of course I'll point out anything I think is noteworthy.

One thing I forgot to mention, and this is extremely important IMO. I do a lot of work with trendlines, and I try to analyze why certain levels hold as resistance & support, etc. Well, I've been pondering why that spike in Dec on what I thought was fantastic news about the fleet deal resulted in a massive selloff, and it occured to me (after the fact regrettably) is that the top of that spike touched the trendline formed by the Sept/Oct 2010 peaks so the selloff makes sense from a technical point of veiw. Well, if you look at where we are now compared to those reference points(Sept/Oct 2010 peaks, and Dec 2011 blowoff top) , we are above that trendline now and have closed above it for a couple of days in a row. To me this is indicative of a much higher move in the cards after we consolidate some of the recent gains.

Also, the 9 day MA just moved above the 200 day MA, and the 20 will move above in a few days. Also noteworthy events.