Thread by @malteseinvest

Analysis: #NYSE $SPAQ

Case 436 #SpartanEnergy Acquisition Corp.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#SPAQ 1/5

Chart 1
Daily Chart: The #parabolic move seen in July 2020 has corrected lower and found #support around the Fib. 0.786 around 12.10. Since then activity has been lethargic with falling volumes and little interest to push either side of the range. Price needs .....

SPAQ 2/5

..... to gain a foothold above the 15.45 pivot then reclaim/hold #Fib 0.382 at 16.98. Synthetic #resistance sloping at 17.48, a close/hold above is long term #bullish. To the downside support begins at .....

SPAQ 3/5

..... the 12.22/10 (#SMA 50, July 2020 #trendline and Fib. 0.786). Below that the Fib. 0.886 then #pivot and SMA 200 10.71/67

SPAQ 4/5

Chart 2
4 Hour Chart: The #Strategy is printed on the image.

Blog format.

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