SPK holding above support and on watch for a buy entry setup

Potential Buy Alert


SPK – Spark New Zealand Limited

Stock : SPK – Spark New Zealand Limited

Current Price : 3.67

Status : On watch for contraction and higher low

SPK is showing very nice price structure but still has some work to do to prove that buyers are taking control. The longer term trend is higher so we are now watching for contraction and a higher low to build the buy entry setup. Price is holding nicely above 3.50 so we will just see if the plan plays out.