It's amazing how these chartists are experts after the fact.In...

It's amazing how these chartists are experts after the fact.
In september 2005 the price fell from around $1.70 to a low of $1.40 in December, it then rallied to $1.63 in early February, and yet the chartists says the bearish sign was in September (give me a break).

In my opinion the bearish chart developed as late as the 20th of February where it broke below $1.55 but there was no confirming heavy volume to indicate such a sharp fall.

This leads me to believe that we will see a rise in price from yesterdays close of $129.5c at least back to around $1.45.
The relative strength indicator also shows the stock as oversold, the last time this happened was back in April 2005 where the stock hit $1.12 and rallied to $1.31 in an 8 week period.
It's quite possible that any new rally could be a dead cat bounce, but the indicators look good for a short term recovery.

SSX's second half profit will be flat, but I think the selling was over done because we are in a nervous market at the moment.
Good luck to punters.