Sarissa Resources Inc (SRSR)

[stkjunky]

Here is the current value, as determined by the market..

Click on chart to enlarge.

Nice short term decending channel for the last 83 business days, counting Friday’s bar. Williams daily %r running in the upper range suggesting overbought. And here is a weekly chart that shows both the long term and short term trends. Also, the accumulation/distribution for the last year is indicating selling, commensurate with the downtrend in the stock price.

The 50/200 MA (not shown) are trending down pretty hard, and the spread between the 2 does not look like a golden cross is EVEN REMOTELY in the near future.

This TA is my analysis of the short term facts.

Now for the long term. A nice neat DOWNWARD trending channel can be drawn on a WEEKLY chart starting in mid August 2009, (4 years of data). This channel starts just after the pump & dump spike to around .22, (created by keevles entry as ceo).

The long term decending channel is supported by the volume. It has dried up to almost nothing, relative to 3-4 years ago. The minor 83 day current decending channel fits neatly into this larger decending channel quite nicely. The williams %R for the long term channel is indicating a LOT more weakness overall than strength.

Based on this, the top of the channel presently sets at .046 (that should be it for the next news spike, if one occurrs). And a more likely touch of the lower channel currently sets at .003.

BE SMART, find a stock to invest in where the technicals AND FUNDAMENTALS indicate upward trends and momentum. Not downward trends and momentum.

Keevle HAS FAILED for the past 4-5 years. Now we will see what Mr. Ward can do??

That's all I need to know. first posted on 8/13. It’s now 10/13 (2 months later), and nothing has changed.

Thru 10/13/13