SER - 0.29p .. blimey, a bit of a 'tiddler' to say the least .. starting with its 'all-data' 5 yr 'historical chart' to get an overview, it shows the price steadily falling throughout 2001/02, and into its 'basement range' where it has been ever since ..
Zooming into its 3 yr 'basement range', it can be seen that its main range throughout has been between 0.20p - 0.60p .. and although the price has seen intraday movement below 0.20p on a few occasions .. so far, it has never 'closed' below 0.20p .. so it would appear that this is the 'floor level', and for anyone considering 'buying' .. then as 'close' to this floor as possible, would be the best time to buy.
Obviously a 'closing price' below 0.20p, would be a very strong warning sign.
The chart also shows a couple of overhead 'downtrends', the highest having been in place for 16 mths, with a steeper one having developed during the last 3 mths.
Zooming into its 3 mth chart below, and projecting it forwards, it shows that there is another well established support level at 0.25p, and the recent 'downtrend' converges on this level at the end of Jan. I reckon there is a good chance that the 'downtrend' will force the price lower during the next week or so, but the support of the 0.25p level, may be a strong enough platform for the price to break through the 'downtrend' .. if not, then it will have to move down to the stronger 0.20p support level just below .. and then it will have to break the downtrend before mid Feb, or it could be in trouble.
Once the 'downtrend' is broken, there is a good chance of it being carried out with some strong upward movement .. how far, will depend upon the volume at the time of the breakout .. a few days of high volume will add momentum to any rise .. the 'guidelines' that I use apply to the 'tiddlers' as well .. so its target upon a breakout would be the 0.50p level, with the 0.375p 'mid point' level also having an influence during its rise.
As usual just a few of my thoughts for what they are worth.
