What is Happening to Surfstich Group Ltd’s Shareprice?

What Does Surfstich Ltd Do?

Newly listed Surfstich Ltd [ASX:SRF] is one of the world’s largest online action sports and youth apparel retailers. With operations in Australia, Europe and North America, they bring over 900 of the world’s leading youth brands to a rapidly growing base of over two million dedicated customers. That’s the story, but what’s the chart telling you?

What Does the Chart Look Like?

When researching a stock, I always find it helpful to bring up a chart. Here’s the daily chart of SRF:


Source: STEX

Listed in mid-December, this stock has not released any news of consequence. Does someone know something?
Where to start looking for stocks like this? You can go here to find out more.

What now for SRF shares?

One could look for a future positive news announcement from this company.
If one was already trading this stock, when to sell? Because it doesn’t mean a thing until it is in the pocket. Now that’s where some study and chart reading ability will really help. Selling a stock, now that’s when it gets emotional. I’ve touched on this before. Trading is technically easy, but psychologically it may well be the hardest thing you ever do.
Your job in the markets is simply to make profits, not to get the very top.

Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

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Terence Duffy is an analyst and chartist, specialising in researching economic trends and cycles.  His primary focus is housing and land affordability. But you can also depend on him to offer his unique analysis of stock market charts. As Terence will show you, the charts often forecast, well in advance, the good or bad news to come — which he details in Cycles, Trends and Forecasts.

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