Just looking at the chart for the short term, can see that ssc could possibly bounce off the 38.2 or make for the 50, i tend to agree more so with the latter, reason being the MACD is looking a bit toppy , decline in volume , RSI has broken its short term trend line and the money flow suggests there is room to move yet to its trend line.
I will look for entry at 0.02 with the 50 at 0.019 with a target of 0.027
Not much of a chartist, having a go, open to any pointers or corrections of course! do like the look of this stock for a company that will be producing in the near future and monty on the horizon, it has alot of good things going for it, which is why it will bounce shortly.
I also noticed that there are old resistance levels at 0.019/0.02 and 0.016 which co-incide with the 50 and 61.8 fibbs.
Placed my fibb from 0.004 to 0.035
Add to My Watchlist
What is My Watchlist?