Friday, August 25, 2017

Spackman - Leading the penny stock rebound!

Spackman - Volume has been on the increase since bottoming out in mid august. Technically, it could have bottomed out in the short term with support established at 0.114, it could be heading towards next resistance at 01.29 and 0.14 in the week ahead.
On the fundamental side, the group revenue increased 38% YoY to US 10.5m for 1H Fy2017. Upcoming movie a manhunt thriller "Golden Slumber" could provide the next catalyst for the stock to trade higher.

All posts and charts are for educational and illustration purposes only

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