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Old 05-10-2008, 11:10 PM
Naamplao Naamplao is offline
Junior Trader
 
Join Date: Jan 2008
Location: Alberta, Canada
Posts: 110
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Wow...a stock that was once worth thousands now in the pennies and really looks as though this is a turn around. It has been a rough 5-6 years.

Here is my SharpChart for this stock

SRSR - SharpCharts from StockCharts.com

I don't normally look at 1 year charts but this is an exception. I like the steady increase in the Accum/Dist since November. I think investors are finally believing this stock has potential. The RSI is ok...a little "overbought" but hey, we are just taking off! so I would no pay as much attention to this as I normally would.

The Bollinger Bands are wide apart with the share price hugging the upper band. This cannot continue forever of course, there should be some sideways movement expected...Actually I would expect a positive trend but more subdued.

I could not get a P&F graph from Stock Charts but I don't think this chart is relevant here since this is almost like a new stock....the past declines are so ancient they don't mean anything anymore.

Here is my 5 day Yahoo.com line chart



Nice chart. I don't see a large price rise on Monday at the start as the BB's are too far apart. I think towards the end of the day there may be a rise...but frankly I think there will be a period of sideways movement for the bulk of the week.

Nice stock...one with a long term future IMHO
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I am not a broker....just a chartist that retired 4 years ago and invests in the stockmarket. Do your own DD and accept or reject my observations as you wish.
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