SPRS has been setting up beautifully on the charts, printing higher lows and steady compression below a breakout ceiling around \~3.40–3.50. Price action has been consistently supported near \~2.90–3.00, with dips getting bought up like clockwork. This kind of demand zone repetition builds conviction.
The chart looks like an ascending triangle, with the flat top near the 52-week upper range (\~3.63) and the rising base hugging support near \~2.95. Every time price wicks down to support it snaps back up — that’s textbook accumulation behaviour.
Momentum indicators (fictional interpretation) show RSI comfortably sitting above neutral, suggesting buyers are controlling the tape. MACD is curling up, pointing toward continuation rather than congestion. The volume profile suggests buyers step in aggressively on every shallow pullback, feeding into the tightening range as SPRS approaches the apex.
This setup typically precedes volatility expansion — meaning once SPRS closes convincingly above the breakout band it can accelerate toward prior highs and beyond. With a breakout above \~3.50, the next stretch of liquidity would likely appear at the historical upper range (\~3.63) and then into psychological round numbers above that.
(P.S.:Hope those of you who baught SEGG with me last week are enjoying there 126% gains!)