SSI : If 1.41 holds this week, the next target will be 1.53-1.56
April 10, 2011 Leave a comment
SSI was a buy back at 1.20 or so, as we rightly forecast, and for those already long, watch how it handles around 1.41-1.43, becasue if it holds here then a move to 1.53-1.56 should be seen quite soon.
The upper target is nearer 1.80, which will be all the more valid if 1.41 holds firm this week.
If there is a correction, the 1.36-1.38 support looks reasonably furm, and may entice some who are not alreadt long to enter if such prices are on offer due to profit taking over the next few hours of trade.