STOCK CHARTS AND ANALYSIS – SSI

STOCK CHARTS AND ANALYSIS –  SSI

 

In accordance with our Independence Day commitment, following is our Technical Analysis of  SSI(SSI GROUP, INC.)   as of  November 10,  2015.

 

This is the second  of  our THREE for FREE for this week. (MER – Index Stock and this one SSI – Non-Index Stock).

 

TA-TRT Way – Straight from the Chart

TA_SSI_20151110

TA_SSI_20151110A

POSITIVE

1.  Bullish Divergence on MACD and RSI. For SSI, It is worth noting that there is a Bullish Divergence on both the MACD and RSI. While price had made a Lower Low, both MACD and RSI have not followed suit. This could indicate a possible change in trend direction.

 

NEGATIVE

1.  Price action below 15 EMA & 20 SMA – Bearish Short Term. The stock’s price action below the 15 EMA & 20 SMA shows that it is Bearish on the Short Term.

2.  Price action below 50 SMA – Bearish – Medium Term. The stock’s price action below 50 SMA shows that it is Bearish on the Medium Term.

3.  Price action below 200 SMA – Bearish – Long Term – Since the last part of June this year, SSI’s price action have been below the 200 SMA indicating that the Stock is in Bear territory.

 

NOTES:

1.  Positive points are things that could work in your favor. Negative points are things that you have to watch out for.

2.  On the opposite side of Pattern Targets are Pattern Failures. In case you decide to take this trade, always remember to set a stop loss based on your established risk tolerance level.

3.  September is a very significant month for us. It was at the same time this year that we introduced Responsible Trading to mainstream social media.  Starting September 1, 2015, since you are already familiar with our caption “TA – The Responsible Trader’s Way – No Hyping, No Bashing, Just Plain Cold Facts” we are changing this to TA – TRT Way – Straight from the Chart.
The Chart and Analysis is presented for educational purposes only and should NEVER BE TAKEN as a RECOMMENDATION to BUY, HOLD, or SELL.
Please trade with CAUTION, please trade with CARE. As always, IT’S YOUR TAKE, IT’S YOUR CALL. IT’S YOUR MONEY AFTER ALL.

 

Good luck on all your trades.

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