A long-term SPT Inverse H&S pattern looks to have formed. I am concerned about the low volume on the right "shoulder", it does not indicate much buying pressure to the upside. If it does break out this could be the start of a huge reversal for a stock that has been pummeled since it reached all time highs in the $145 range in 2021
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.