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TOPIC: SSE (Scottish, Southern Electricity ...) resistance and support levels

SSE (Scottish, Southern Electricity ...) 15 Aug 2014 08:19 #1

  • diver993
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A gap up this morning: 1481 - 1495. Doubtless this will need filling at some point but we are currently filling a gap between 1459 > 1538. Interestingly 1538 marks the 61.80% retrace of the recent move down from 1601 > 1425 and may be a point where this will take a breather before continuing it's upward track?

With the majority expecting a pullback in the near future this, so-called defensive stock, could be a good one on which to be long.
dl.dropboxusercontent.com/u/7238706/SSE%20PLC%20%28-%29.png
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SSE (Scottish, Southern Electricity ...) 14 Aug 2014 10:11 #2

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Well it would appear support has held and pushed on past the resistance at 1470 - 1476 as I type. Encouraging indeed ;)
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SSE (Scottish, Southern Electricity ...) 12 Aug 2014 11:38 #3

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Sorry, I should have explained, there is a possibility this is an impulse move and we have just started a wave 5 which could terminate at 1413.
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SSE (Scottish, Southern Electricity ...) 12 Aug 2014 09:26 #4

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This filled the gap nicely. If 1425 was the bottom this should bounce around 1442 and push on. If 1425 doesn't hold then look to 1413 for support....

dl.dropboxusercontent.com/u/7238706/SSE%20PLC%20%284H%29.png
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SSE (Scottish, Southern Electricity ...) 27 Jul 2014 12:23 #5

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dl.dropboxusercontent.com/u/7238706/SSE%20PLC%20%28daily%29.png

This is approaching both a gap and the 50% fib support level, so one to keep an eye on ;)
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SSE (Scottish, Southern Electricity ...) resistance and support levels 07 Apr 2014 21:20 #6

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I have got this well back in my radar...

Several support point all pointing around the same area:

dl.dropboxusercontent.com/u/4385922/SSE_0704.png

Fibs
20MA
previous resistance..

I know there are some keen SSE fans here, so some comments will be appreciated.

cheers
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SSE (Scottish, Southern Electricity ...) resistance and support levels 01 Apr 2014 14:59 #7

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Thanks remo for your advice. I feel that I do need to find supports and resistances as basic TA tech.
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SSE (Scottish, Southern Electricity ...) resistance and support levels 01 Apr 2014 13:11 #8

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you need to look at shares that are producing lower lows and shares that are not in sideways markets for good shorts.Lower lows should be formed over a longer period than a few days.
One thing ive learned is that the media have no idea about trading. Never listen to these so called experts.There not real traders. As for goldman s ,well i would not listen to them or any broker for that matter.Your better off learning how to spot supports and resistances and keeping it simple for the time being. It will help a lot more than listening to media or any so called experts out there.
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SSE (Scottish, Southern Electricity ...) resistance and support levels 01 Apr 2014 12:22 #9

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Yesterday -2.8% down, today 0.8% up, but high of high is lower, low of low is also lower comparing with yesterday.

I am not experience person.
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SSE (Scottish, Southern Electricity ...) resistance and support levels 01 Apr 2014 12:19 #10

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Thank you remo for your excellent post. The reasons for short are the media news 2-3 days ago for watchdog invests the "Big Six" 'price fit' (not exactly words may be) and 3 out of 4 brokers vote for sell. Goldmas S sell price 1487 target 1408; RBC C mkt underperform 1518p target 1220p. ..

SSE lost 100,000 customers.
Yes, this share is quite bullish in the face of big media, still lot buy in.
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SSE (Scottish, Southern Electricity ...) resistance and support levels 01 Apr 2014 09:27 #11

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Gap supports are always done from the start of the gap up . Thats what i find to be more effective.
i have the sma 200 at 1430.
on greenhill wrote:
Me just find 3 supports: 1443p channel support, 1452p SMA 200 support and 1456p gap support. I am not sure this is right.
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SSE (Scottish, Southern Electricity ...) resistance and support levels 01 Apr 2014 09:20 #12

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support...1444(trendline and horizontal support),,,1442(gap),,1403(trend line minor),,,1356
Resistance..1545,,,1602,,,1634,,,1657

so you can tell that there is strong support near by around the 1444 area. Thats where you need to take profits on your short....I personally would not have shorted this other than a first attempt of resistance trade.
what was your reason for the short???


dl.dropboxusercontent.com/u/4899609/sse1stapril2014.png


hope this is useful
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SSE (Scottish, Southern Electricity ...) resistance and support levels 31 Mar 2014 20:43 #13

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Me just find 3 supports: 1443p channel support, 1452p SMA 200 support and 1456p gap support. I am not sure this is right.
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SSE (Scottish, Southern Electricity ...) resistance and support levels 31 Mar 2014 18:14 #14

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Hello remo,

I put a short on SSE. Not a lot, it is my first time opened a short. I wonder whether you have time to look into it, and give me the resistance and support figures.

Really appreciated your view.

Many thanks,

on greenhill.
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