With Earning Report out of the way now, and after smashing surprise positive earnings, SCP managed to break out of the Bearish Trendline with High Volume indicating that the Bulls are now in control and want to take the price higher. It has gotten Support right at the edge of the trendline and at the 61.8 Fib Retracement Level, and also the 200 SMA.
I will be taking a Buy Position aiming for a potential 6-10% gain, targeting $2.55 - $2.60 zone and a tight Stop at $2.25.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
I will be taking a Buy Position aiming for a potential 6-10% gain, targeting $2.55 - $2.60 zone and a tight Stop at $2.25.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.