Sarissa Resources Inc (SRSR)

[d0lphint0m]

I agree with the fundamentals of what is being said here but as far as the technicals are concerned I believe there is a possibility of getting cheaper stock. If the fundamentals are true then it is a good opportunity but nevertheless the stock has a well defined downtrend and support is currently at the 200 day moving average at .015 and below that .010. I will use those spots to buy more stock and hold what I have until the trend changes. The resistance for me is at the .024 area (downtrend line) and if it goes above that then .028 (middle band of the daily Bollinger band).
It has closed below the 20 week moving average for two weeks in a row now (.030) and this is usually a sign of further weakness.
Don't get me wrong, I am loaded with the stock but will only be a buyer at .015, .010, old lows or above .03 (breakout).