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07/11/13 11:13 AM

#13332 RE: number3 #13331

Sideways pattern, nothing better imo. Typically we see huge spikes the longer it goes. As long as it stays in this channel and doesn't break down this will most likely be a nice % move in the near term.

Cap'n Cook

07/11/13 11:43 AM

#13334 RE: number3 #13331

SREH Annotated Chart

The BIG thing that I would like to point out here is the ascending A/D line is in divergence with the downward pps trend. This usually indicates a change in trend from downward to upward.

http://www.investopedia.com/articles/trading/08/accumulation-distribution-line.asp

Lots of other stuff going on here, of which I pointed out just a few things that I see going on.

Please feel free to comment.