SSX smorgon steel group limited.

re: looks set to breakout/mightybull well the stock is trading...

  1. 1,002 Posts.
    re: looks set to breakout/mightybull well the stock is trading in a decending triangle not an ascending triangle this is usually an indication of a more bearish piture not bullish.

    With the market breaking new highs SSX has not been able to move much higher more likely the result of heavy selling into the rallies, plus it looks quite expensive if we look at the PE.

    These are my thougts the other guy sees a different piture, each to our own however.
 
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