Penny Stock Mania - SRES A Watch for Momentum Breakout
SRES is testing a strong pivot at 0.19, at the same time an increase in volume may indicate support to break through this long term level.
Should the level break with supported volume and momentum (RSI indicating overbought) the there is potential for a push to 0.25 followed by a shallow pull back before moving significantly higher.
The next logical target level should price continue higher is 0.47 providing options for good risk reward profiles.
Another pattern that might provide confluence is the rounded bottom, the key factor is the continuation of and comfortable close of price above the 0.19 level at 0.25 at least.
Should the level break with supported volume and momentum (RSI indicating overbought) the there is potential for a push to 0.25 followed by a shallow pull back before moving significantly higher.
The next logical target level should price continue higher is 0.47 providing options for good risk reward profiles.
Another pattern that might provide confluence is the rounded bottom, the key factor is the continuation of and comfortable close of price above the 0.19 level at 0.25 at least.
