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

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11 years 6 months ago #10822 by diver993
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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11 years 6 months ago #10816 by diver993
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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11 years 6 months ago #10791 by diver993
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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11 years 6 months ago #10786 by diver993
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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11 years 7 months ago #10710 by diver993

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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11 years 10 months ago #9968 by waverider2
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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