SPAH The Stock Is On The Cusp Of A Breakout

On February 3rd SPAH updated Pink Sheets to reflect their current share structure. For a stock that hasn't issued news since October, one would have to wonder exactly why the company would just update its share structure and nothing else. This is exactly why I think SPAH is poised to post a big rally at some point in the near term.

I think the company updated Pink Sheets only a few weeks ago because they will be releasing news, which the stock hasn't seen in over 3 months. Back in October when SPAH released their last piece of news, the stock was trading in the $.006's. Since then it has slowly fallen and currently sits at $.0014 a share.





Also investors could be getting SPAH's annual filing shortly, as the company has maintained filing its quarterly reports. As it stands SPAH has many things going in its favor. It rests close to its 52 week low, which should attract bottom traders. The chart looks to be turning as evidenced by the impending potentially bullish MACD cross. The company has updated Pink Sheets share structure indicating a greater likelihood of a company press release. Let's not forget about the low 180 million share float this stock has.

The ingredients are here for a nice move. The chart shows a stock that is right on the cusp of a big breakout. If SPAH can break through its 50 day moving average, then I think the 200 day moving average at $.005 could be well within reach. As always, I am not compensated for this post on my blog. I found SPAH by utilizing my own research and it is only my opinion that it will move higher. All signs, in my view, are pointing to a nice rally from here. Let's see if I'm right.