Remain Bullish on SPT (If the market doesn't crash)

Sprout Social, Inc (NASDAQ:SPT)

Diupdate

NASDAQ:SPT Sprout Social, Inc

I bought SPT at 13.2 and these are the reason why I'm still holding. Keep in mind that I could also be wrong. SPT is down to Today at -2.79% so is the S$P500 at -2.81%. SPT's technical analysis though has been looking solid: creating a divergence as u can see in the chart. The price has broken resistance line few days earlier at around $15. This is a plus. Indicator checkmarks, passing previous high of Stoch RSI, and RSI. Keep in mind though that Stoch RSI has crossed down. Looking at Fibonacci retracement, the price has passed $15.59(38.2% retracement line) and later tested at $16.79(50% retracement line), which didn't pass. At the point, SPT is just testing the $16.79 line and previous high at $16.82. I can't say what the market will look like on Monday, the systematic risk could cause a little dip on SPT (if the market doesn't crash lol). Nevertheless, my technical analysis indicates more upside potential for SPT. I'm confident in SPT, but keep in mind that I could also be wrong. p.s. My stop loss is at $15.60.

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