TSX:SRU.UN - Post by User
Post by
COREDIGGERon Jun 01, 2007 4:28pm
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Post# 12879915
Zeta - Techincal Question for SRU
Zeta - Techincal Question for SRUHi Zeta,
I do not trade on technicals, but do believe that they can be a good indicator of where things are going. Assuming that the stock has reached a top and may reverse direction soon, & with a day like today where the stock opened at a gap on the downside and never came back to fill it, should we still expect the stock to still have a little burst filling that gap before a downtrend?... tia.
Also, my understanding is that currently we have a bearish trend forming, but there is always potential for the that to be reversed too, as long as we don't break through the Moving Averages.
Coredigger.