Cancel SSM New Buy Alert as price is not showing convincing price action

Alert Management

Cancel of SSM Buy Alert


SSM – Service Stream Limited

Stock : SSM – Service Stream Limited

Current Price : 1.33

Status : Cancel of Buy Alert

We are happy to cancel the buy alert on SSM as price is not showing us the strength that we would like to see of a share about to kick higher. We can see a minor lower higher around 1.35.5 that is putting pressure on the buyers. so we expect to see a deeper correction lower.


Original New Buy Alert 19/7/17

Stock : SSM – Service Stream Limited

Current Price : 1.36

New Buy Entry (Trigger Level) : 1.37

Potential Sell Exit Zone (Stop Loss) : 1.29

Status : On watch for buy entry trigger

SSM has been a good trade in the past and looks set to provide a great opportunity again. Price is holding higher lows after contracting lower and looks ready to test up to and through the highs at 1.45. We are happy to buy at 1.37 and then risk is at 1.29. If price trades 1.29 prior to entry then we will re-assess the price action.