Bullish potential detected for SSMEntry conditions:
(i) higher share price for ASX:SSM along with swing up of indicators such as DMI/RSI.
Stop loss for the trade would be:
(i) below the support level from the open of 13th March (i.e.: below $1.725), or
(ii) below the support level from the open of 26th February (i.e.: below $1.67), or
(ii) below the support level from the open of 7th April (i.e.: below $1.645), depending on risk tolerance.
SSM
SSM - Triple Bottom Looking Strong.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 the triple bottom support at $0.810.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.