Based on request from my reader Dave I did stock chart analysis of SSRI.

From my point of view SSRI has broken important support area between 28 – 30 . Now it is correcting back to this level acting as resistance now. So for me it is short trade opportunity with entry in area 28 – 30 and stop above 30.80. Target for short I expect near second important support level near 18 USD. This trade setup is preferably for position trade as it can develop few weeks I think. As you can see this trade setup has very good risk reward ratio.

This entry was posted on Wednesday, May 14th, 2008 at 1:00 pm and is filed under Stock chart analysis, Swing trade commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.