SSI : Signs of life.
March 14, 2011 Leave a comment
SSI closed at 1.25, but faces considerable resistance from here to 1.31 and indeed on to nearer 1.35. What’s needed is one of those rare big volume days to move it, but we suspect such actions may be seen rather soon, with entry at 1.24 or so now worth a look.
With a view to the next 6-8 weeks, a rally to at least 1.40, if not 1.50-1.55 looks likely. However linear progress is not likely, with a day or two of wild action more par for the course.