Secos News Thread, page-13

I don't think it's strange exactly... It's just where the support level sits... Basically, a whole bunch of buyers think if they can get in at .285 that'll be a good buy.

The support level has been slowly increasing over the last 6 months hence the upward trend (note the also decreasing resistance level over the same period from about .3175 to where it sits now at about .30-.305):



Basically, SES has entered a narrow trading range...

Stocks can do this for some time before releasing pressure to the downside or the upside. The battle between the bears and bulls kind of.

Hopefully, good news and good results see us break this pattern in a bull run and another leg upwards, and not break it downwards.

Importantly SES has performed very well over the last few months which were a blood bath for markets so this reaffirms to me that the market sees the potential of SES.