Ewl,
I had a look at SRP a few months ago because I thought it had potential.
I will declare ahead of time that I worship at the church of Stan Weinstein so my views are formed by his excellent work.
If you look at SRP using a weekly chart and view it over a period of many years you will see it move in classical stages of rises and falls.
It was in a healthy stage 2 rise from Feb 2001 to Jan 2002 and inevitably this run had to end. It moved into the necessary stage 4 decline and in Feb of this year into moved into a healthy stage 1 flattening.
The likelihood is that it will remain in this flat stage 1 for some time yet. The longer it stays in stage 1, the better the stage 2 rise will be when it inevitably comes.
Watch for the following for your trigger to buy SRP in vast quantities:
1) The 30 week MA begins to incline
2) The volume of trade dramatically increases.
3) The stage 1 ceiling from the previous x months/years is broken.
When these planets are in alignment then you're on a high % mover.
- Forums
- ASX - By Stock
- southcorp
southcorp, page-2
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online