SSM – Service Stream Limited

Stock : SSM – Service Stream Limited

Current Price : 1.25

Previous Buy Entry Trigger Level :  1.20

New Sell Exit Zone : 1.125

Status : On watch for continuation higher

SSM has kicked on strong the last few days and looks set to kick up through 1.30. Price action is very supportive of a move higher as higher lows show conviction of buyers. We are happy to raise the risk level to 1.125 just below the recent higher low and watch the action.

 

ORIGINAL ALERT 3/4/17

Stock : SSM – Service Stream Limited

Current Price : 1.165

New Buy Entry Trigger Level : 1.20

Potential Sell Exit Zone : 1.10

Status : On watch for buy entry trigger level

SSM is showing great signs for continuation higher after support holds around 1.05. Recently they have had some positive news flow ( https://www.servicestream.com.au/investors/asx-announcements ) which has supported the price. We are now watching for a push up through 1.20 after rejection in price around 1.12, for a move through resistance at 1.275. If price pushes below 1.10 prior to entry then we will re-assess the price action.