AI
Yes koreantrader, we have broken out, on decent volume and are riding just above the 20 day bollinger band, however, we can go either way in this slightly overbought condition.
If we move back to support at $1.29, or remain in the uptrend to $1.64 is yet to be determined. Continued volume may determine that trend next week, we shall see.
The fast Stochastic and MACD are very bullish at this point.
Here are a couple of simple charts for reference:
http://stockcharts.com/h-sc/ui?s=SRGL
http://www.stockta.com/cgi-bin/analysis.pl?symb=SRGL&num1=29&cobrand=&mode=stock&print=on
If we move back to support at $1.29, or remain in the uptrend to $1.64 is yet to be determined. Continued volume may determine that trend next week, we shall see.
The fast Stochastic and MACD are very bullish at this point.
Here are a couple of simple charts for reference:
http://stockcharts.com/h-sc/ui?s=SRGL
http://www.stockta.com/cgi-bin/analysis.pl?symb=SRGL&num1=29&cobrand=&mode=stock&print=on
