Dec
9
SRU.TO: Starfield Resources
December 9, 2007 | Leave a Comment
Got a chart of Starfield Resources here. This one is a penny stock but I think it looks pretty attractive.
The $1.30 level played a strong role as a support/resistance level during the past 7 months and just recently broke through it with medium volume.
RSI is shooting up and just passed through 50 which is a good sign. The slope of the advance might be a little too vertical though.
MACD is about to have a bullish cross which is very strong.
I would say buy on the way up above $1.30. Keep and eye on the $1.55 level and if it makes it through watch for resistance @ $1.70. With a tight stop loss you can ride this through.
Blogroll
- Break Outs - A collection of posts from blogs I read that consistently perform well.
- Ron Walker - Rob Walker is a pattern trader with amazing youtube screen casts.
- StockCharts.com - Chart of $INDU configured the way I like it.
- The Bull Trader - Technical analysis blog run by an good group of guys.