Top Volume Stock Analysis (SG Market) - Spackman Ent

Spackman Ent (40E):

Consolidation Begins
The stock has trended up for 2 months since the breakout in October 2015.

Volume and momentum indicator, ROC(13) is decreasing, thus we have a likely view that the stock would consolidate between its previous consolidation high of S$0.165 and recent support price of S$0.140.

We are likely to see the moving averages play catch up before demand starts coming into the stock again.

Popular posts from this blog

Eventful Week: FOMC Decision and Earnings Reports Headline Upcoming Week

Markets searching for technical support

Wyckoff's Law of Effort