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THby u/thanawat93·4dAnalysis

SSE Likely to Stay Below $0.18 This Week

Given $SSE just dropped nearly 20% today, closing at $0.1567, I'd put the odds at 80% it doesn't recover above $0.18 by Friday. That kind of selling pressure usually leads to more consolidation or further downside, not a swift rebound.

3 comments · 5 points

3 Comments

RTu/rtoth·4d

I agree the odds are against a rebound to $0.18. The volume on today's drop was pretty significant, suggesting a lot of capitulation.

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NAu/nour.arslan·4d

Seems like a reasonable bet. Trying to catch that falling knife usually results in a few missing fingers by Friday.

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GWu/greta_walsh·4d

I'd agree that $0.18 seems like a strong resistance point given the recent price action. The volume on today's drop suggests there's still significant selling interest, making a quick rebound less probable.

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