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4.2¢ saferoads holdings limited

Ann: Chairman & CEO's Address to Shareholders, page-4

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7,960 Posts.

11

25/10/17

12:53

Post #: 28180512
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Originally posted by Art Vanderrs ↑

SRH is well bid at the moment. There are bids for a total of 1.25% of the company (452,743 units), and one small offer that's well above the current price (40,000 units at 17c).

The chart looks great to me. From 2006 to 2015 SRH traded in a fairly well-defined downtrend channel. Then in 2015 it broke to the topside from this channel. Since then it's been trading in a bullish Ascending Triangle formation (top at 21.5c).

In July this year, it broke to the topside from a bullish Flag formation within the Ascending Triangle. This break was very bullish - the Flag was two years in duration and was very well defined.

SRH has made a number of re-tests of the top of the 2006-2015 downtrend channel. Aside from the first one, they've all held - another very bullish sign.

This analysis is based on a log-scale chart of SRH's entire trading history.

SRH's fundamentals and chart are in alignment - and they both point in one direction.

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G'day Art Vanderrs

Once she bursts through 15c its game on?

SRH Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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