SSC looking good pre-open
- Higher high higher low - tick for basics
- Volume is there and momentum is building (check yesterday's volumes) - tick for day trade potential
- Heavy accumulation
-Look out for 0.03-0.031 resistance levels, break through this and could touch 0.035 by end of the week (previous guestimate)
Check yesterdays announcement for hint:
"We are convinced that the development of the MB Project will result in Sultan joining the ranks of mid level, base metals producers. We will conclude the study as quickly as possible and at this stage the known fundamentals of this project give us a lot of confidence that the BFS will confirm the robust nature of this project."
With a MC of 30m and a Mid level producer from my understanding is defined as one having MC around 300-500m the potential for Sultan is enormous Imo.
SSC has turned from a day trade to a LT hold for me but can provide DT opportunities Imo.
DYOR
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- daytrades may 17 pre-market
SSC looking good pre-open- Higher high higher low - tick for...
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