Sprout Oversold and will go up againIm back again friends. Nowadays im more focused on stock market and i trade mostly stock markets. As you can see Sprout has reached oversold territory and last support line. I believe it will go up very very soon.
It can go up to 22%/44%. So i BOUGHT Sprout (0% Leverage)
NASDAQ:SPT
SPT
SPT possible BUY setup Though this might be a risky play, since SPT is posting results in couple of days, I love what the charts are telling me at the moment.
This Chicago based firm provides social media management software for businesses.
Sprout Social has recently targeted larger companies for partnering, establishing a nice contract with Salesforce.
What am I looking now:
1. Though I mentioned that this play is a risky one, due to upcoming earnings, SPT i currently trying to break from it's Daily Cup and Handle formation.
2. Today's try was not a god try of breaking the highest point of the Cup and Handle formation, sitting at around $66.70 price level. Price did break that point at one moment, but it quickly failed to maintain above it.
3. Selling pressure was high unfortunately, there were nearly 782k shares sold once it broke through the resistance level.
4. Since I am considering this a risky play, my initial entry will be small, with stop loss possibly larger than usual. Stop loss will be sitting at around $57.39 price level, which is just below the wick of the last candle which bounced from the 50EMA.
5. Once the earnings report are published, I will either close the trade or add to the position, depending on the results posted.
As always, please do your due diligence, this is just an opinion.
SPT - SPLITIT After todays announcement, I think Splitit is heading for 86c. I’ll be selling a portion of my position at that point.
Short Term Price Regression before upwards movement Splitit has fallen beyond 90% from all time highs. In respect to fibbonacci re-tracement and extension going downwards, I'm hoping to add more positions at 15c and 9c.
SPT - Trade PlanSPT has clearly broken out of its descending wedge with very high volume indicating that the downward trend may have changed. The current price action shows that price is pulling back and any bullish price action may get me involved. I would be a buyer after it prints bullish price action and I will be targeting the Resistance level of $0.850, a good potential reward of 45-50%.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
WATCHING $SPT for ENTRY TARGET @ 76.71WATCHING $SPT for ENTRY TARGET @ 76.71
I’m practicing to nail my entries even better… if target hits I will take a position.
As many times as I've swung this I still have no idea what Spout Social is. 😅 Maybe later today I'll look into it. Looking for pullback for entry.
If there's any ticker symbol you'd like me to determine a good entry price just comment below and I'll do as many as time permits. Some days I have lots of time and other’s not so much but as I can I’ll do them (and If I have enough charts left)
SPT - Looks very InterestingBullish Confirmation Indications
Recent price action may have confirmed a reversal as we can see that price came down to the trendline and has since moved up.
Price has also moved out of the downtrend line (triangle) which indicates that Buyers are strong.
1. Price has been supportive at the support level of $1.00 - $1.30 zone
2. There also lies a trendline which has acted as good support
3. There also lies 200 day Moving Average trending upward and has provided Dynamic Support (Confluence)
4. Price has been failing to continue up because of the Resistance Zone of $1.430 - $1.470 range
5. I believe that price may come down again to give a buying opportunity and backtest the trendline and continue up
6. I will be confident to buy in the $1.120 - $1.20 region (Buy Zone) after proving some Bullish Price Action
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
$SPT.ASX creeping up $SPT.ASX creeping up and the chart looks good however I think it is Overvalued
Splitit Payments Ltd (SPT) is a technology company providing cross-border credit-card based instalment solutions to businesses and retailers. Splitit enables merchants to offer their customers to pay for purchases in instalments.
I will buy between $0.93 - $1.00 zoneDoesn't look like as good as Afterpay, ZIP and OpenPay but still BNPL market is growing, I think I can have a little investment in this one.
Also, looking at historic data it jumps pretty drastically up & down - doesn't look very stable.
I will buy and hold between $0.93 to $1.00 range.
P.S: Please note these are my own notes for future reference. By no means trading advise to anyone.
Splitit Payments: SPT.AXLong term downtrend
Price moved out of downtrend
Base forming
Price above 20MA
Break of 54c