SPC 250408

SPC's dramatic rise on 16 apr has been matched by its dramatic drop this week. After trading above the 8.00 support level (blue ....) on 21 and 22 apr, SPC gapped down on 23 apr, and even broke the uptrend support (upp blue --).



And SPC gapped down today again, breaking the 7.47 support (red --), 7.35 support (green --) as well as the uptrend support (upp blue).

Next support can be seen around the 7.22 level (light blue ...). If SPC breaks that support, we might see it testing the long term downtrend support (low red).

For monday :

Support @ 7.22 (light blue ....), 7.15 (low blue), 7.10 (low red), 6.95 (light blue --)
Resistance @ 7.35 (upp blue, green --), 7.41 (mid red), 7.47 (red --), 7.52 (low blue --), 7.65

Good Luck !!