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S.S. Oil Mills Ltd.S.S. Oil Mills Ltd.S.S. Oil Mills Ltd.

S.S. Oil Mills Ltd.

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Technical Analysis and Swing Trade Setup for SSOM 1-Hour Time Frame Technical Overview EMA 21 crossover EMA 50: Bullish crossover confirming short-term upside momentum. Fibonacci Retracement: Price rebounded from the 0.618 golden zone, indicating a strong continuation setup. MACD: Bullish crossover above the signal line — momentum shifting positive. RSI: Trending upward around 66–70, still below overbought — supports further upside. Volume: Noticeable increase on the breakout, confirming buying strength. Swing Trade Plan Buy Entry: Current market price ≈ PKR 376–378 Target Price (TP): PKR 445 Stop Loss (SL): PKR 372 (below recent swing-low and 0.618 retracement zone) Risk-Reward Ratio: ~1 : 3 (good swing setup) Trade Summary Trend: Bullish short-term continuation Pattern: EMA crossover + Fibonacci retracement rebound Indicators: RSI and MACD both showing bullish signals Confirmation: Volume breakout adds strength to the move
PSX:SSOM
by tahir9999malik
SSOM LONG TRADE 17-06-2025SSOM Long Trade Rationale: SSOM previously surged from Rs. 87 to Rs. 900 (over 10x gain) from mid-March to mid-May. Despite recent correction/consolidation, price action suggests potential for further upside. 🚨 TECHNICAL BUY CALL – SSOM🚨 - Buy 1: Current level (Rs. 775) - Buy 2: Rs. 782 - Buy 3: Rs. 762 - TP 1: Rs. 830 - TP 2: Rs. 880 - TP 3: Rs. 922 - TP 4: Rs. 970 Stop Loss - Below Rs. 725 Risk-Reward Ratio - 1: 4.83 Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions. PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
PSX:SSOMLong
by THE-CHART-ALCHEMIST