SRN

16.7%

0.7¢ surefire resources nl

Agreed, not that Im a chartist. PB did say they are anticipating...

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Kellydog2

209 Posts.

39

04/05/23

12:09

Post #: 67604683
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Originally posted by waves62: ↑

agree
The last 6 days of trading saw 127M shares change hands. This drove our SP down to 1.7c from 2.5
Also i noted that is a 1/3 retrace. I mention this because iam no technical trader but google has a lot of info on this subject. Someone here mention a cup and handle forming a week or so back and some technical traders say a 1/3 retrace to form the handle is still within the guidelines. The only concern is the duration of the cup which should be up to 6 months ours is more like 12 months. Also the smaller the retrace on the handle the bullishish the signal which our retrace was the full 1/3 so I would love to see a turnaround of our SP about now which would see our SP sitting in the mid to high 2
Would like some feed back on your thoughts.
Also i noticed since we hit that 1/3 retrace the sell order for over 7M has been taken down at 3.2c and the sell orders have thinned out and now stacking more in our favour ( I realise this can change quick)

I Have followed SRN since 2020 and the last couple of PD have gone up and come down pretty quick where today i wouldnt say we had a pump it is more of a correction of the SP on decent news flow keeping in mind we were sitting on 1.1 to 1.4 for months.
Fundamentally we are in a much stronger position today than the last couple of years. IMO the market is sceptical of SRN mainly because of the past and Vlad at the helm but now we have PB I believe IMO the market is keeping a close eye on where this is going with our Vanadium and other 2 projects.
We are lucky we have more than Vanadium. So any good news should work in our favour and see our SP move North.
I would prefer to move up slowly on good news flow than 4 or 5 days of straight up on average news and speculation.

The 2 negatives with SRN is the SOI and funding past 2023. Hopefully the SRN team have something up their sleeve on the funding side of things keeping in mind we could get rid of one of our other 2 projects to concentrate on the Vanadium.

GLTAH

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Agreed, not that Im a chartist. PB did say they are anticipating to partner with a 'recognised' partner this year.

SRN Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
11 Upvote

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(20min delay)
Last 0.7¢		Change 0.001(16.7%)		Mkt cap ! $13.90M

Open	High	Low	Value	Volume
0.6¢	0.7¢	0.6¢	$5.404K	819.6K

Buyers (Bids)

No.	Vol.	Price($)
4	3978269	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	13479284	20

View Market Depth

No.	Vol.	Price($)
4	3978269	0.006
45	22964471	0.005
16	12913088	0.004
9	10044182	0.003
8	13352500	0.002

Price($)	Vol.	No.
0.007	13479284	20
0.008	4796726	6
0.009	3279888	5
0.010	9185007	11
0.011	3471818	2

Last trade - 16.10pm 27/09/2024 (20 minute delay)

SRN (ASX) Chart

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Agreed, not that Im a chartist. PB did say they are anticipating...

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