SPALI : Looking good for a move to 12.50
March 31, 2011 Leave a comment
SPALI should hit 12.50 quite soon, all it needs is a volume surge at 1150-11.60, and it should then move to just above 12 we think.
There is good support at and near 11, so if it comes off on low volume, consider buying some, with 12.40-12.50 the first main target.
The AUgust 2010 high of 13.50 could be revisited during Q2, and if it is taken out the next target will be 15 or so.