SKI 1.41% $2.16 spark infrastructure group

Below is a weekly chart of Spark Infrastructure Group Ltd (SKI)....

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    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.

    20160609_skiW.jpg
    Last edited by Jagster Trading: 09/06/16
 
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Currently unlisted public company.

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