AI
Saturday, March 12, 2011 6:48:05 AM
The correction has essentially run it's course. Silver Spruce Resources has plenty of short term support at $0.14 (though we did see an intraday breach of this level on 3/10/2011) and the MACD, the Elliott Wave oscillator (and other indicators) show the stock likely being currently oversold. With just over 109,000,000 shares, fully diluted, this company is currently dirt cheap. I have charted Silver Spruce (otc: SSEBF) from January 2010 to show the deep correction trending down to support.
I included two other tickers, with similar technical consolidation.
http://nationaleconomist.blogspot.com/
See you soon hopie.
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