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SUNRISE RESOURCES ORD GBP0.00001SUNRISE RESOURCES ORD GBP0.00001SUNRISE RESOURCES ORD GBP0.00001

SUNRISE RESOURCES ORD GBP0.00001

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SRES trade ideas

SRES - Move to Breakout BuyThe difficulty here is that price is doing what we more or less had planned with the exception that the RSI is not confirming strength and conviction of the move as yet. Still good buy potential - depending on your strategy a close above the 0.17 would signal a breakout buy and the next target level would be 0.27. This would be a significant level to move higher through, after this good upside targets are available. As always, the intention with penny shares is gauge conviction on momentum, we want to see those new highs confirmed with RSI overbought. Happy trading.
LSE:SRESLong
by AlistairBruce
Penny Stock Mania 2 - SRES - Hold the Faith REVISED PLAN - Currently a little pull back just below the 0.17 price pivot and key level to be broken. Look for pull back to bounce of near term support pivot at 0.13 (area), then a strong move up would be preferred with a good close above the struggle level. look for RSI to confirm break and close above 0.17, this would help to confirm the strength of the move, then continue to use previous objectives, entries, stops and targets. NOTE - should price continue lower and close below 0.10 then all this planning has been compromised, skip to next potential trade :)
LSE:SRESLong
by AlistairBruce
Penny Stock Mania - SRES A Watch for Momentum BreakoutSRES 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.
LSE:SRESLong
by AlistairBruce