weekend charting part 1, page-9

  1. 718 Posts.
    ok ewl , here it is.

    SRL Daily:

    You can see a couple of trendlines, including a lower upwards sloping trendline that has been left behind. Currently seems to be in a relatively steep upward trending channel. There was some long term resistance at 1.56, which was broken, however it has been retested, and broken through again today and finished convincingly above, which is a good sign. The stochastic has turned up again, which is another good sign. The interesting thing is there are no obvious resistance points all the way back up to over $5. So its a little hard to tell where this one will rally to if it does.... however, To answer your question, looks like resistance has been retested, and its ready for a breakout if it can break that last upward sloping resistance line.

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