SSM broke out of the downtrend line in late June 2021, and rallied and formed a high of $1.030. This indicates its end of the downtrend. The current pull back has retested support and bounced off as of lately and forming a triple bottom pattern which looks quite bullish. I would be targeting the previous high of $1.030 (potential 16% gain) with a hard stop below...
SSM looks like it has changed its trend and is expected to move much higher. Any pull back lower could be a very good opportunity to buy. It has broken its downtrend line with high volume indicating a change in trend. I have my buy zone between $0.880 - $0.930, where I will be looking for bullish price action to buy the dip.
Please note these are my own notes,...
- testing of resistance at 2.83
- touched previous high and bounced off support.
- been breaking resistance in the past two days.
- above 21 day EMA with a strong volume backing it
- should see a pull back and needs to cover a 9% increase to break ATH
Service Stream Limited - SSM 19 weeks long ascending triangle breakout, the week closed 0.08 cents or 4.47 per cent higher to $1.87.
The shares price profit target is around 19 per cent or $2.12.
Service Stream Limited ( SSM ) is a provider of essential network services to the telecommunications, energy and water industries. Service Stream operates out of more...
$SSM - SERVICE STREAM - Pushing up against the $2 mark.
Has a great looking 5 year consistent chart and starting to push that $2 ceiling. Looks like their acquisition of Comdain has gone smoothly allowing them to diversify and expand their solution offerings across the gas and water markets as well. Have added it to my watch list and added an alert for when it...
ASX:SSM The network services provider continues to trend higher. Our scans have provided another entry signal for the company. Declaration: We are already holding this stock.
