SSM trade ideas
SSM - Triple Bottom Looking Strong.SSM broke out of the downtrend line in late June 2021, and rallied and formed a high of $1.030. This indicates its end of the downtrend. The current pull back has retested support and bounced off as of lately and forming a triple bottom pattern which looks quite bullish. I would be targeting the previous high of $1.030 (potential 16% gain) with a hard stop below the triple bottom support at $0.810.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SSM - Looking StrongSSM looks like it has changed its trend and is expected to move much higher. Any pull back lower could be a very good opportunity to buy. It has broken its downtrend line with high volume indicating a change in trend. I have my buy zone between $0.880 - $0.930, where I will be looking for bullish price action to buy the dip.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Service Stream Limited - SSM 19 weeks long ascending triangleService Stream Limited - SSM 19 weeks long ascending triangle breakout, the week closed 0.08 cents or 4.47 per cent higher to $1.87.
The shares price profit target is around 19 per cent or $2.12.
Service Stream Limited ( SSM ) is a provider of essential network services to the telecommunications, energy and water industries. Service Stream operates out of more than 40 locations nationwide and maintains a workforce of around 1,800 employees and up to 3,500 active contractors. The company operates in three segments namely Fixed Communications, Network Construction and Energy & Water. ASX:SSM
$SSM - SERVICE STREAM - Pushing up against the $2 mark. $SSM - SERVICE STREAM - Pushing up against the $2 mark.
Has a great looking 5 year consistent chart and starting to push that $2 ceiling. Looks like their acquisition of Comdain has gone smoothly allowing them to diversify and expand their solution offerings across the gas and water markets as well. Have added it to my watch list and added an alert for when it breaks the $2 mark and will look for an entry then.
Service Stream Limited is a provider of essential network services, including access, design, build, installation and maintenance across copper, fiber and wireless telecommunications networks, as well as to private and public energy, and water entities. The Company's segments include Fixed Communications, Mobile Communications, and Energy & Water. The Fixed Communications segment provides design, construction, maintenance and customer connection services to the owners of telecommunications network infrastructure in connection with the roll-out of the National Broadband Network in Australia. The Mobile Communications segment provides program management and turnkey services for infrastructure projects in the telecommunications sector. The Energy & Water segment provides a range of metering and energy services to electricity, gas and water networks, and through the Customer Care business provides contact centre services and workforce management support for contracts.
