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Re: Tar sands post# 140437

Friday, 06/27/2014 5:57:22 PM

Friday, June 27, 2014 5:57:22 PM

Post# of 165854
http://stockcharts.com/h-sc/ui?s=SRSR&p=D&yr=4&mn=4&dy=0&id=p66299171099&a=357260367&listNum=1

You bring up a very interesting point which I have found curious on this last move up. Lack of volume. If you look at the last 100%+ moves that we have had in the past they have been accompanied by high volume days. This time around we have already moved up over 100% from the bottom and it has been on relatively low volume. But the volume has also been low on the sell offs as well, which was not the case 3 years ago. This stock is trading like a very thin, low float stock, which indicates to me that there are many shares being held and are not being traded.
So, although I agree with you that volume is preferred to make the breakouts "perfect". I will stay with the chart formation, which, thus far, has not disappointed on the last 3 moves up. So far this move is technically still intact and if and when we get a "Golden Cross" I will be adding more shares.