Critical times here right now. It will be interesting to see who's gonna step up and save the SP from heading to $1.68 which is a measured move on this H&S pattern as marked below.
It's clear now that when management sold a tonne of shares a little while back has not been received very favourably despite the Tax excuses used as to the reason for the selling and the recent efforts by some management re-buying shares has also fallen on deaf ears ATM
All the larger SMA's are rolling over to the downside as well, a break to the downside through $2.26 and an unsuccessful retest of this area should/ will see the SP heading lower. MACD is also displaying a terrible negative divergence as well...RSI and Stochastic both look oversold but they can remain that way for a long time
I think I'll close my LT hold now whilst Im still well in the money... Good Luck to those who do hold firm
Lucky this is shortable I suppose
Daily
SSM Price at posting:
$2.28 Sentiment: Hold Disclosure: Held
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