AlistairBruce
Long

SRES - Move to Breakout Buy

LSE:SRES   SUNRISE RESOURCES PLC ORD 0.1P
The 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.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out