SSGC Sui Southern Gas Company Intra-day Analysis 16 Feb. 2017

Rebound Insight

Our Pivot: 37.15

Our Preference: Buy SSGC above 38.30 and add averages till 37.95 with strict stop loss of 37.15 and profit target at 39.13 and 39.70.

Alternate Scenario: Downward penetration of 37.15 will call for 35.63.

NOTE: SSGC have completed its 50% correction and right now Hourly Stochastic and RSI are trying to pull it back.

Recommendations:

Buy above 38.30 and average it out till 37.95 with target at 39.13 and 39.70.

Intraday Chart with Supports and Resistances: