$SPA stock is approaching a crucial technical level, with the $165 price zone emerging as the key resistance that could determine its next direction.
Current market analysis suggests that the stock remains under pressure unless it can secure a strong breakout above $165. As long as this resistance holds, the possibility of a short-term correction remains on the table.$SPA
If sellers regain control, the first downside target is around $157. A deeper decline could extend toward the lower boundary of the current trading channel near $149.
On the bullish side, a decisive break and sustained close above $165 would invalidate the current bearish outlook. Such a move could shift market sentiment and pave the way for a rally toward the next major target around $180.
For now, traders are closely monitoring the $165 resistance level, as it is likely to determine whether $SPA continues higher or experiences another pullback.
