Scandinavian ChemoTech AB on the right track

Scandinavian ChemoTech AB has regained momentum last few days and bounced off really nicely on the green support line. Now it has seen a few good days with increasing volume and it has managed to take back the important moving averages of 50 and 200 days.

Eyes are now set on the 15 SEK resistance, which if broken will give the stock potential for a really nice move to the upside towards 22 SEK. Watch for the support SMMA50 (approx 11,3) to hold. If broken this trade idea will be invalidated.