Sarissa Resources Inc (SRSR)

[d0lphint0m]

Well, I am a technician and believe in charts despite being in pinkieland. The chart on SRSR has looked bad since it broke below the middle band of the weekly Bollinger band many weeks ago. Each rally has not even gotten it to the 20 week moving average but has stopped at the 10 week ma (50 day ma). SRSR is now on the 50 day ma. "IF" it can break above it then I espect it could move to the 20 week ma near .02. The big positive on the stock from a TA perspective is the accumulation/distribution chart which has been heading north for months. Also is the fact that the point and figure chart has counts to...(are you sitting down?) $31.00. I know you are ROFLYAO but the huge move up from .0003 amassed those kinds of counts on the P+F chart.
So although I am not adding to my measely 150k position, I will if and when the chart looks as if it has reversed. I have no clue when or if that will happen.