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Southern Arc Minerals Inc V.SA.H

Alternate Symbol(s):  SARMF

Southern Arc Minerals Inc. is a Canada-based investment vehicle considering potential opportunities in all industries. The Company has not generated revenue from its operations.


TSXV:SA.H - Post by User

Bullboard Posts
Comment by JustLongon Aug 23, 2007 4:50pm
165 Views
Post# 13292460

RE: TA Update----

RE: TA Update----Spoke with Vagabund earlier today and to gernerate positive signs that hold up these days is a challege.I don't own the stock,nor do I know anything about it.It is however a pennystock trying to drill up something good.I just look at charts.Many indicators you could apply are at or near bottom so if it were to takeoff there is lots of room to go.From a Fib point of view,it's hanging onto 50% which seems ok for a pullback after the premo run you had.The last 5 days it's been in a 10 cent trading range with low volume so I don't think anyone is bailing.Might be base building.Candles say bearish engulfing so can it hang onto this trading range or dip to about 1.23.There is already 2 wicks that touch 1.07 and that would most likely be the place for it to stop if it gets that far.If it doesn't then 80 cents,got to hold the window at 52.Maybe there are things happening in the near future to give this thing a good kick in the pants and get above the 20ema so it can resume at least a mild uptrend.If you have been in the stock for a while congrats.The 20 ema is only 10 cent away +/-,so get there first and see how it goes.A little long winded.There's alot of things in a chart,this little base could be the next step up.GLTA JL
Bullboard Posts