SSX appears to have found strong support above $1.00 and will...

SSX appears to have found strong support above $1.00 and will most probably rise again to $1.20 , which is the 50% retracement area from its october high of $1.38 . A break below a dollar would bring some worry , however this is a very well run company , which I feel will find strategies to minimize the effects of a strong $Au . Profit downgrades have eroded confidence , but I think the pessimism has been overdone and therefore support will hold above $1.00 and SSX will recommence another grind up in its well worn sideways channel . $1.22 will give strong resistance and a rise above $1.38 will be needed to convince that a break out has truly occurred , but this could be some way off .Overall this is a good stock that has been pummelled more than is justified . Management is expected to maintain dividends at current levels , which will make this a sweeter hold for its eventual upside move .

Cheers Mackarel