Category Archives: SRU.TO

SRU.TO: Starfield Resources

sru.toGot 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.