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.
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