SPRT: Pre-merger TA
***NOT FINANCIAL ADVICE***
SPRT was able to find support at 17.65 on 9/7 and confirm a reversal the following say. Looking ahead to tomorrow, a merger vote will take place at 10am and could possibly be the catalyst needed to get back to the $50 PT. It managed to touch the .236 fib line at EOD today before slightly falling in AH (Expected). Tomorrow I am expecting a break through of the 27.47 line. It will meet heavy resistance at the $30 area and you should be watching it very closely at this area as it could easily get rejected and quickly fall. If it breaks through 30 then I believe it heads to 50. Like any stock, this totally depends on volume but that hasn't been an issue recently.
Be smart. Set stop losses.
SPRT was able to find support at 17.65 on 9/7 and confirm a reversal the following say. Looking ahead to tomorrow, a merger vote will take place at 10am and could possibly be the catalyst needed to get back to the $50 PT. It managed to touch the .236 fib line at EOD today before slightly falling in AH (Expected). Tomorrow I am expecting a break through of the 27.47 line. It will meet heavy resistance at the $30 area and you should be watching it very closely at this area as it could easily get rejected and quickly fall. If it breaks through 30 then I believe it heads to 50. Like any stock, this totally depends on volume but that hasn't been an issue recently.
Be smart. Set stop losses.
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