anyone notice the US trading is down to .265 from a high of .31 earlier this week . . . . . . the RSI however is still within the uptrend range . . . . . the SP is also just below the bolinger bands after trading above it to 0.31 (i.e. gone from overbought to buying opportunity . . . . . so technically the move above 0.31 is in play and if the ASX SP for SSN closes at or above 0.16 we should see a strong move up in the US on Tuesday when trading begins . . . . . this might then translate to a move up to or above .2 on the ASX in the week to come. . . . .having said all that, if the US trading moves below .26 then we might see a fall back to support . . . . . in terms of probabilities, there is a stronger chance the SP in the US will rise above 0.31 than drop back to support. . . . . given that we are expecting action in terms of the fundamentals I am confidently holding onto my stock.
SSN Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
