CSE:SPR - Daily equilibrium still in play
The daily range continues to tighten on CSE:SPR as we await the news on their potential beverage partnership. Investors are certainly at the whim of this deal and those who are long hope it's favorable.
Bull entries are still possible but be sure to have an exit plan in case the beverage deal does not materialize or is not up to expectations. A bear brake of the higher low pattern could indicate a good point for longs to lock in some profit, but we are optimistic the pattern can break to the upside.
I don't normally use the OBV ( On Balance Volume ) indicator, but I decided to check it out and noticed that OBV has already broken the high of the bull move. This is notable and could indicate some serious accumulation. I don't normally use this indicator, but this is a way of reading it as I understand.
Bull entries are still possible but be sure to have an exit plan in case the beverage deal does not materialize or is not up to expectations. A bear brake of the higher low pattern could indicate a good point for longs to lock in some profit, but we are optimistic the pattern can break to the upside.
I don't normally use the OBV ( On Balance Volume ) indicator, but I decided to check it out and noticed that OBV has already broken the high of the bull move. This is notable and could indicate some serious accumulation. I don't normally use this indicator, but this is a way of reading it as I understand.
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