SSX smorgon steel group limited.

They are projecting a $60 million profit for second half, now...

  1. swaggytrader
    1,476 Posts.
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    23/02/06
    10:20
    Post #: 1391921
    They are projecting a $60 million profit for second half, now whilst this is not earth shattering it's hardly the sign of a stressed company.

    There is no way a trader can predict the exact top or bottom but I don't think the news is that bad that it can trade outside of the RS lines for too long.

    I wouldn't be surprised if it went 3% either way today !
    It certainly looks like the main sellers left yesterday, with the balance closing there positions on todays open.
    SSX Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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