Sarissa Resources Inc (SRSR)

[marketphile]

The real story of this chart since the beginning of April is the volume and money flow:



Big volume on the uptrends (circled in green above) and overall below average volume on the consolidations and corrections (except for the volume spike on Hawk report release day, but that session ended up being a bullish doji). That overall volume profile doesn't get much more bullish.

The chart needs to repair itself, so now we wait and see how the next formation develops. Would have been nice to hold $0.04, but this is the pinks after all and the MM's need to cover. :) Good support band right in here from $0.035 to $0.04 and the Bollinger bands are tightening up nicely, so there's a decent chance we find support in this area following that 50% retracement. We'll see...