Sulja Bros. Building Supplies, Ltd (SLJB)

[fringe_remnant]

Chart Update

Working into a bullish pennant, SLJB's PPS is right at the apex of that symmetrical triangle. The formation cannot stay like this for much longer.... there is no room to move. Any further negative material that comes forward and this thing tests MA50. Something positive is required soon to dispel the myths and let the stock re-engergize and push forward.

The second chart, which is much slower and encompasses a longer time frame, indicates certain negative readings on some indicators, which I think are important. Again, good news and all of this flips around in an instant.

The longer term trend is intact, and even if SLJB PPS does need to find support at 0.06, the ascending channels will remain well intact. It would take something very nasty to break down through there.

Two charts, please scroll down.




FAST CHART (sensitive settings, short window)





SLOW CHART (somewhat numb settings, six month window)