SSI : In need of a volume surge.
March 13, 2011 Leave a comment
SSI has not been in play for a while, and technically remains challenged. However there is some possibility of a relief bounce, and as is always the case, a quick increase in volume and speculative interest is the telltale sign that a ramp is in progress. In this case SSI faces big resistance at 1.25 to 1.27, but if the market maker decided to have some fun, a breakout here could see a spike to nearer 1.31-1.33 very quickly indeed.
If nothing happens and it remains without much in the way of volume we view a pullback to between 1.08 and 1.13 as a likely scenario, at which price sing trade re-entry will be of interest.