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

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11 years 7 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 7 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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