Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (4609)	2/22/1998 8:20:00 PM
From: Christopher	Read Replies (1) \| Respond to of 7396

Mark, the TA for SRSL look very good. SRSL has recently recovered from a Head & Shoulder pattern where the price went down steep. After that it started a trading range between $5.60 and $8.50(open to interpretation). It has recently broke to the upside thru the $8.50 resistance. The stock could go up to $10.00 or $11.00 or even more. The stock is about 3% above the resistance line and started to head downward. The only thing to watch at this time is a pull back below the resistance line and into the trading range. The ADX is at 33 and heading up indicating a strong trend in existance at this point with +DI above -DI indicating an uptrend. Intermediate and long term momentum are heading almost straight up indicating that SRSL has a very strong momentum. In conclusion, SRSL has started a vibrant Bull Market and has a very strong momentum. The only thing you have to watch for before a buy is if SRSL pulls back into the trading range. If it goes back up and reach 5% above the resistance line then I would think it would be a good buy. Short term SRSL may retrace a little but will resume the uptrend not long after that. Good luck with your trading.