Thoughts on SSE and that crazy move today
Watching $SSE today has been pretty wild. That drop, roughly -19.97% to around 0.1567 from its open, really caught my eye. We're now sitting right on what looks like a fairly significant prior support level from back in late last year, around that 0.15 mark. If we hold here, it could suggest a capitulation bounce, but honestly, breaking below 0.15, especially on this kind of volume, would be a strong indicator that the selling pressure is far from over and we're likely heading lower, potentially towards the 0.12-0.13 area.
I'm not making any moves, just observing. The range today, from 0.15 to 0.1893, really paints a picture of extreme volatility. It's a tricky one to call short-term, but the critical point for me is whether that 0.15 level can act as a floor or if it crumbles. Definitely something to keep an eye on heading into the next few sessions.
That's a sharp drop for SSE. I'd be looking closely at the broader market sentiment and any news specific to the sector, not just the technicals, if I were considering a bounce play here.