SKI Price Action

Below is a weekly chart of Spark Infrastructure Group Ltd (SKI). There was a buy signal when SP had a breakout above the $2.25 - $2.31 resistance area with some conviction reaching an intraday high of $2.39. Trading above both 50w and 200w sma's. These are bullish signals.

MACD had a bullish up-cross during early-Q4 and again during mid-Q1 with an expanding +ve histogram. Since becoming oversold Stochastics has formed bullish higher-lows during late-Q3 and early-Q4 before some consolidation occurred. Bullish higher-lows were again formed from mid-Q1 resuming its previous bullish course. Stochastics %K is currently rising within the bullish continuation region (86.58). Together these are very bullish signals.

IMO bullish over the next 6 - 12mths. DYOR.