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

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12 years 1 day ago #9896 by remo
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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12 years 1 day ago #9899 by on greenhill
Thanks remo for your advice. I feel that I do need to find supports and resistances as basic TA tech.

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11 years 11 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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11 years 8 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 7 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 #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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