What’s Happening to the Share Price of Surf Stitch Ltd?

What does Surf Stitch Ltd do?

Surf Stitch Ltd [ASX:SRF] is an online action sports retailer with a growing global presence. It provides consumers in over 125 countries with access to more than 700 brands and 30,000 products spanning skate, surf, street and snowboard apparel, accessories footwear and hard goods.

That’s interesting, but what is the chart telling us?

What does the chart look like?

I find it helpful to bring up a chart. Here’s the daily chart of SRF.


Source: STEX

For the last month or so, SRF has been trading in a very narrow range. A strong break either way will tell us if this company is growing revenues or not.

Are SRF shares a buy?

We just have to wait and see. You may find its best not to form an opinion and just let the market tell you if SRF shares are a buy or not.

You just need a little charting knowledge to know how to proceed. You can get that chart reading knowledge here. You remain at a substantial investment disadvantage without it.

Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

Join Markets and Money on Google+

Leave a Reply

Be the First to Comment!

Notify of
Letters will be edited for clarity, punctuation, spelling and length. Abusive or off-topic comments will not be posted. We will not post all comments.
If you would prefer to email the editor, you can do so by sending an email to letters@dailyreckoning.com.au