SPC - (S99) - Buying Cheap!

I like SPC (S99) not because the chart is beautiful. It is because I see upcoming bullish potential. From the ADX at 28.9 and curling down, I tend to feel that the downtrend has mellowed. Of course chart don’t lie, particularly the more sensitive Candlestick. So what do we have: It’s up to you to put it, a short tailed Dragonfly Doji, Bullish Harami, or an up and coming Morning Star? They are all bullish in potent. As I‘ve said before, it is so sweet to buy on Oversold condition... So RSI at 40 and CCI curled up at -160 exhibited in concert to confirm it. The current price $4.98 is well supported and particularly so in anticipation of the coming more than 31cents dividend. Thus, currently the price looks cheap. Of course Oil is down now, but it would not be at this level for long. The fact that the current chart suggested good probability of reversal, hence, being an early bird will surely catch the best worm. It is not to say that we can rule out downside, but it would be limited. With the STI currently a bullish 3 Inside Up, and the good feeling of Election Sweeteners to be announced this Friday, timing cannot be better! If I have to grip some, I'll try this one!
Business Times Report