SSRI has hit the 2nd target for a 49% gain from the original entry point so consider booking partial or full profits and/or raising your stops if holding out for T3 or T4. As with most of these mining stocks, where to raise stop levels depends on one’s unique average cost on the position as there have been several entry & profit taking levels posted on these stocks over the last few months in order to take advantage of the recent pullback. However, from a technical perspective, the former first target level (T1) should act as support on any future pullbacks. My preference when placing stop-loss orders is to allow for a slight buffer below support in order my stops just barely being clipped on a stop-raid (whereby the big players take a stock down to just below a large cluster of stop-loss orders which are often placed at obvious support levels). In fact, there is some additional support below T1 around the 7.50 area so a stop around 7.45 sounds objective for those planning to hold a position in SSRI. Updated daily chart above.
