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Friday, 16 December 2016

Spackman Technical Update: 16 December 2016, Friday, 8.05am Singapore Time

Spackman Technical Update: 
16 December 2016, Friday, 8.05am Singapore Time

15.5cents to 17.0 cents band of resistance-turned-support will be the backtested region to confirm bull market for Spackman. This will serve as a comeback boat for buying (for those who missed the boat), and is also a shakeout of weak holders and people on contra (taking over cheaply weak holders' and contras' positions). Spackman remains very bullish biased and is poised for continued powerful rally in 2017.

LONG TERM:
BOTTOMED

MID TERM:
UPTREND

SHORT TERM:
UPTREND

Technicals:
Breakup 15.5cents-17cents resistance with high volume:
show of intentions to sustain rally in Spackman stock

DNA Technical Rating:
Very Bullish with more upsides to come in 2017

Related (all previous detailed analyses on Spackman):
http://donovan-ang.blogspot.sg/search/label/Spackman

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