Broke Resistance

Technical Analysis

The stock belongs to a weak sector which is related to tourism and flights but as the economies of the world are reopening, the stock may stage a bounce up. The latest earnings report was good (missing the current Coronavirus related quarter), and technically it broke resistance with high volume. We open a long position at the current market price with a stop loss of 12% down.

PRICE ALERT: XSPA, Broke resistance

The stock belongs to a weak sector which is related to tourism and flights but as the economies of the world are…

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