SRN 7.69% 0.6¢ surefire resources nl

Hi all. Im not posting often on here but on this one id like to...

  1. 13 Posts.
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    Hi all. Im not posting often on here but on this one id like to give my two cents worth.

    We should never have broken through .034 so quickly. We entered highly overbought territory on 23rd Oct when we broke through and kept going up regardlessly. A correction was inevitable imo, retraced to .027 which is 62% fib retracement. Also decreasing volume on decline which is a good sign. Furthermore, a few more sales here and we are oversold. If we found the bottom here and can reverse the trend, we should easily go back to .038, likely to .045 on the next leg up. Maybe even .051/ .055 if fundamentals change back to pre-dump times. Who knows.

    I know some ppl dont like price predictions. Just giving my opinion on TA. Not hyping, Im free carrying so whatever the outcome, I might make some money or loose profits. Anyways Im holding.
 
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