Technical Analysis of STOCKS & COMMODITIES
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Spinnaker Exploration
Spinnaker Exploration Coming Up On Significant Resistance
ARTICLE SYNOPSIS...Spinnaker Exploration looks to have completed the final leg of its one-year downtrend. With the technicals indicating a potential downside reversal in the near-term, investors should consider future weakness as a good buying opportunity.
ARTICLE SYNOPSIS...Spinnaker Exploration has been in a long-term downtrend since May of last year. Elliott Wave theory indicates a potential decline to new lows before this trend reverses.
Spinnaker Exploration Still Looks Poised For New Lows
ARTICLE SYNOPSIS...Spinnaker Exploration (SKE) continues to be stuck in a long-term downtrend. Given the recent break of support at the $20.00 level and weakening technicals, the stock is still on course to hit new lows.
ARTICLE SYNOPSIS...Spinnaker Exploration looks to have completed the second wave of an uptrend, meaning that the stock should eventually take out June's high.