After peaking at a high of 108.00, Sapiens fell heavily, during in sentiment with the Dotcom bubble to record a new all time low. It's been rather quiet and stable since then - but, from 2008 it began to rise.
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SPNS 2/6
.... 2019 has seen the stock move parabolically and the $26.47 object is within touching distance.
#Parabolic moves are usually preceded by huge corrections and for this reason we don't want to enter at a wrong price.
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#Parabolic moves are usually preceded by huge corrections and for this reason we don't want to enter at a wrong price.
SPNS 3/6
Chart 1
Monthly Chart: The current upside Fib targets and measured move area lie between $25 - $27. The parabolic move on the monthly is stands out.
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Monthly Chart: The current upside Fib targets and measured move area lie between $25 - $27. The parabolic move on the monthly is stands out.
SPNS 4/6
Chart 2
Weekly Chart: The buy areas (green horizontal lines) appear far - but one must always be cautious of a deep correction off parabolic moves. A break below 13.25 damages the up move.
SPNS 5/6
Weekly Chart: The buy areas (green horizontal lines) appear far - but one must always be cautious of a deep correction off parabolic moves. A break below 13.25 damages the up move.
SPNS 5/6
