SRN 0.00% 0.8¢ surefire resources nl

SRN technical setup = bullish

  1. 4,816 Posts.
    lightbulb Created with Sketch. 2721
    Going to start the thread in the right section

    SRN on my radar today after a nice bounce yesterday off support at 2.5c.

    The critical price level we need to see a close above is 3c to really open the door for a move back to close the gap at 4.3c as the first stop.

    MACD is positioned very nicely trending positively back through the 0 control line.
    This is usually when a strong push can occur as a continuation of the trend.

    RSI moving higher with plenty of room to move until over bought signals are evident + Stochastics breaking back higher.

    Volume also increasing nicely is what we want to see here.

    All indicators are giving signals that this move higher has plenty left in it.

    Overhead prices of interest that will see action if this move gains traction:
    4.3c
    5.3c
    9.7c - which will see the 10c magnet come into play.


    SRN.jpg
 
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