Previously, my chart reading on SSE was inconclusive as my chart was not updated properly.
The Daily Chart is now showing a very bearish view for SSE.
1. Tenkan sen has cut Kijun sen on 13 August 2009
2. 2 days back, the price action has dipped below the kumo support Â at 2788
3. Leading kumo is now twisting, suggesting that the overall trend is changing from bullish to bearish.
4. Put the 3 indicators together, and none of them suggest a bullish view. (Unless SSE is able to rally all the way out of the kumo). If not, the bearish view will persists.