Salty, I read your chart with interest because I've been
looking for an entry point in SRM and I like to see what technicals others focus on. Here's what I charted for SRM a while back:
stockcharts.com[r,a]dbclyiay[pc13!b25!b50!b200!i!f][vc60][iub14!uk14!lc5!la12,26,9!lp14,3,3!lf14!lg14!ll14][J15335793,Y]&listNum=17
I see the stock being right at support (the rising line), and likely to pop up after filling that gap with a .75 top. I try to keep TA to a supporting role with these junior miners. Here it's the stock's oversold status for a weak reason that may prompt me to buy despite the negative accum/distrib and OBV. GEM, for instance, had a very positive divergence between its accum/distrib line and price before the DeBeers announcement.
FWIW the stock seems to be in a symmetrical triangle off an uptrend, which you'd generally expect to resolve upward.
I own GEM, TWG, EET and am close to buying this one, SWY and DDN. Also considering some diamond microcaps such as ADD. I know you like EET. Any other favorites? |
