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Strategies & Market Trends : Underexposed Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: toccodolce who wrote (674)	12/11/2019 4:13:52 AM
From: Underexposed	Respond to of 914

Hi Tocco SSW's move up has been spectacular. Marching upwards but there seems to be no stopping this move. Yes it has and it may be so that this will continue for a while. This makes five continuous days of being over the upper bollie...this is rare....very rare...at the very most there will be one more such rise above the upper bollie. Does this mean that it will be all over? Not al all.... I have not looked at my other charts yet but just looking at this one all is strong and well. what I think will happen is that there will be a slow down and the share price will re-enter the Boliie envelope on a positive note. Ok.... I dug deep to find a potential problem.... there is a potential resistance at $15.00 - $15.30.... It has been in existence since five years ago.... Investors remember the periods of high share value.... in the circle there are several potential support areas but they are lost in the jumble of prices long ago and I doubt they would represent any significant support... they won't be remembered. The real support is that diagonal green line... that rise is currently on a lot of investor minds like ours. Conclusion I checked my other charts and they are all still wonderfully bullish... but to me it makes sense that the share price will stumble somewhere. That resistance band at $15.00 - $15.30 looks like a pretty likely place for it to happen. Now, that may be significant or it may not but that will tell in the coming weeks.... still you are looking at probably another $1.50 gain with no problems. Nice to watch a rocket, once in a while. UE PS: I just noticed this in your post to me Just today the OI on SSW CALLS JAN2020 $15.00 was 6 and volume today was 344. The SSW CALLS FEB2020 $15.00 today OI 272 and vol was 437 and the CALLS for MAY2020 $15.00 OI was 4432 and vol was 440. Does this confirm was I saw in the P&F chart as a potential resistance level.... I know nothing about puts/calls.