Strategic Resources, LTD.(fka SGCR)

[Hilander]

American Bull Report:

STRATEGIC RESOURCES LTD - Daily Commentary
• Closed today at 0.83
• Up 0.08
• Our system posted a HOLD today. The previous BUY recommendation was issued on 08.20.2007 (2) days ago, when the stock price was 0.7200. Since then SGCR has gained 15.28% .
• Our advice today is simple and clear. Hold your stocks and wait for a new signal.
• Do not bother yourself with further buying and selling as long as the HOLD tag stays.
• Today a White Candlestick was formed. This represents normal buying pressure.

Explanation:
• White Candlestick shows buying pressure. It shows that prices advanced from open to close during the day and buyers were in control.

Important Factors:
• The White Candlestick is not a reliable pattern like most other single candlestick patterns. Only one day’s trading is reflected in a White Candlestick. Hence it has potential to be interpreted as a continuation pattern as well as a reversal pattern. The neighboring candlesticks must be taken into account to have a healthier decision if the trend is continuing or not.