Strat Petroleum Ltd (SPRL)

[Aggie9518]

SPRL Chart: IMO, I beleive we may hold the same pattern we had in October - November. We traded sideways at .01 for about 10 days, then had a pop up thru the first level of resistance (50MA - blue line). It did not hold and we dropped back down to support at .01. We soon popped again above the blue line and held and continued up thru the 200MA (red line), this did not hold and we fell all the way back to .012. Traded sideways at .012 for about a week (new support?). Early this week we poped again thru 50MA blue line, did not hold and fell back to .012 support again. My hope, is the next pop will break the blue line and hold, signaling a week or so uptrend as before. Once we break the red line and hold, we are in blue sky area. The next news should accomplish that. My opinion only and probably only worth what you paid me for it (nothing..LOL). Good luck...and I promise not to post when I sell...I appologize to the board again as that was in bad taste...aggie..